The going concern assumption assumes that the business

A) will be liquidated in the near future.
B) will be purchased by another business.
C) is in a growth industry.
D) will remain in operation for the foreseeable future.

Going Concern Assumption

The accounting principle that a company will continue to operate indefinitely, without the intention or necessity of liquidation.

Foreseeable Future

A concept in accounting referring to the period during which a business is expected to continue its operations without significant change.