Which of the following are examples of the correct application/interpretation of the going concern assumption? Select one: a. The sole shareholder of Monterey Bay Awnings, Inc, plans to liquidate the business in 15 to 20 years, but still continues to record acquired assets at historical cost. b. IBM, a stable company, reports the historical cost of its fixed assets in its balance sheet. c. Trexco, a company filing for liquidation, has restated its balance sheet to show the estimated net realizable value of its assets: d. Both B and C are correct examples. e. All the above are correct examples.

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