alleryStart learning →Foreseeable future for going concern is usually:
A12 months or the period if longer
BThree years in every single case
COne month after the year end
DJust the period that has ended
Answer & Solution
Correct answer: A. 12 months or the period if longer
The foreseeable future is generally at least twelve months or the specified accounting period, taking the longer of the two.
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