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:
“Our national determination to keep free of foreign wars and foreign entanglements cannot prevent us from feeling deep concern when ideals and principles that we have cherished are challenged.”
—Franklin D. Roosevelt (1882–1945)