Post Utme Pan Atlantic University 2022 Accounting Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2022 Accounting Objective / Multiple Choice

Question 28 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • ACCOUNTING • objective

A company prepares its financial statements on a going concern basis. What is the implication of this assumption?

Answer Options

A. The company will be wound up

Correct Answer B. The company will continue to operate indefinitely

C. The company will be liquidated

D. The company will be sold

Correct Answer

Correct Option:

The company will continue to operate indefinitely

About This Question

This is Post Utme Pan Atlantic University 2022 Accounting Question 28. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Accounting examination.

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