A company in the process of liquidation is considered to be under the going concern assumption.

Name: A company in the process of liquidation is considered to be under the going concern assumption.
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The going concern assumption assumes that a company will continue to operate for the foreseeable future. In the case of liquidation, the company has already decided to cease operations and therefore cannot be considered a going concern.

A Company in the Process of Liquidation Is Considered to Be