Realization is the presumption that a firm will remain in operation long enough to carry out its current plans, and in the normal course of its operations, realize changes in the fair values of its assets either by using those assets or selling them.

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Realization is the process of converting non-cash assets into cash or cash equivalents, typically through sales. The presumption that a firm will remain in operation long enough to carry out its current plans is referred to as the going concern principle.

Realization Is the Presumption That a Firm Will Remain in Operation