15-From the options given below identify an event or condition that may not cast significant doubt on the entity's ability to continue as a going concern. a. Emergence of a highly successful competitor b. Change from cash-on-delivery to credit transactions with suppliers c. Management intentions to liquidate the entity or to cease operations d. Inability to obtain financing for essential new product development or other essential investments
15-From the options given below identify an event or condition that may not cast significant doubt on the entity's ability to continue as a going concern. a. Emergence of a highly successful competitor b. Change from cash-on-delivery to credit transactions with suppliers c. Management intentions to liquidate the entity or to cease operations d. Inability to obtain financing for essential new product development or other essential investments
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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15-From the options given below identify an event or condition that may not cast significant doubt on the entity's ability to continue as a going concern.
a. Emergence of a highly successful competitor
b. Change from cash-on-delivery to credit transactions with suppliers
c. Management intentions to liquidate the entity or to cease operations
d. Inability to obtain financing for essential new product development or other essential investments
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