If the assumption of the going concern is not valid, the financial statements should __________________.

Not be necessary to clearly state this fact.

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Clearly state this fact.

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Clearly state this fact if it suggested by auditor.

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Clearly state this fact if it suggested by internal auditor.

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Solution

The correct option is A Clearly state this fact.
If the assumption of the going concern is not valid, the financial statements should Clearly state this fact.

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