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The assumption that a business will keep operating in the foreseeable future is:

AGuiding concern
BGoing concern
CGaining concern
DGrowing concern
Answer & Solution
Correct answer: B. Going concern
1. Assets are not valued for a fire sale. 2. The firm is assumed to carry on. 3. That is the going concern assumption. _Source: OpenStax Principles of Accounting Volume 1, Chapter 3, Analyzing and Recording Transactions._
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