The ideal decision is (c). An illustration of the going concern assumption is the continuation of an accounting entity in the absence of evidence to the contrary.
According to a fundamental accounting principle known as the "going concern assumption," a business must have sufficient financial stability to continue functioning at least through the following fiscal period. Additional characteristics are: The likelihood of a corporation getting liquidated is lower.
If it is believed that a business will be able to pay its debts when they are due, it is regarded as a "going concern." It functions without the risk of liquidation for the foreseeable future, which is generally regarded to be at least the following 12 months or the designated accounting term.
Learn more about going concern assumption here
https://brainly.com/question/14773872
#SPJ4
