|
going concern
The idea that a company will continue to operate indefinitely, and will not go out of business and liquidate its assets.
"Every Public company states something similar in there Q's and K's to protect themselves"
not the ones making money, which this company is not.
the numbers don't lie. an understanding of simple accounting
verfies that the statements made are the only statements
that could be made.
it would be impossible and untruthful to say the company
expects to continue as a going concern.
numbers don't lie unless you do.
next
|