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- Dictionarygoing concern
noun
- 1. a business that is operating and making a profit: "trying to sell the business as a going concern"
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- Going concern
Business not under threat of substantially curtailing its operation
A going concern is an accounting term for a business that is assumed will meet its financial obligations when they become due. It functions without the threat of liquidation for the foreseeable future, which is usually regarded as at least the next 12 months or the specified accounting period (the longer of the two). The presumption of going concern for the business implies the basic declaration o... Wikipedia
