If a company is expected to survive,it is considered a going concern.

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When a company is expected to continue operating and generating revenue in the near future, it is considered a going concern. This is an important assumption in financial reporting and auditing, as it affects how a company's assets, liabilities, and equity are valued and reported. If a company is not expected to survive, it may be classified as a discontinued operation or liquidated, which has different implications for financial reporting.

If a Company Is Expected to Survive,it Is Considered a Going