A going concern is a business that functions without the threat of liquidation for the foreseeable future, usually regarded as at least within 12 months.
Read more about Going Concern: Definition of The 'going Concern' Concept, Use in Accounting, Going Concern Use in Auditing, Use in Risk Management
Famous quotes containing the word concern:
“What should concern Massachusetts is not the Nebraska Bill, nor the Fugitive Slave Bill, but her own slaveholding and servility. Let the State dissolve her union with the slaveholder.... Let each inhabitant of the State dissolve his union with her, as long as she delays to do her duty.”
—Henry David Thoreau (1817–1862)