Going concern assumption assumes:
AImminent liquidation
BEntity will continue operating for the foreseeable future (at least 12 months)CORRECT
CNo debt
DAuditor re-appointment
ACCAAudit & Assurance
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
IAS 1 / ISA 570: accounts prepared on going-concern basis unless intent/necessity to cease.
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