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If the going concern assumption is not made in accounting

1. If the going concern assumption is not made in accounting, what difference does it make in the amounts shown in the financial statements for the following items?

(a) Land.
(b) Unamortized bond premium.
(c) Depreciation expense on equipment.
(d) Merchandise inventory.
(e) Prepaid insurance.

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Accounting Basics: If the going concern assumption is not made in accounting

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