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12:18
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Originally posted by Jock0:
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I note the addition of a new item in the accounting statements: "Going concern " - which I haven't seen before.1. Significant accounting policies (cont)1 (e) Going Concern (cont) If the consolidated entity is unable to achieve successful outcomes in relation to the above matters,
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This happens very regularly in business. So yes it is definitely a possibility. Many entrepreneurs will call in the receivers and just wait and buy back the business at a much lower price as they are in the best position to know the true value of the business.
(20min delay)