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Hello!
Is this correct?
– There has been no investment in new products.
If new products are not being developed then the company will not be able to keep up with advancements in the fast paced medication industry. This can impact the going concern status as revenue, profitability and cash inflows would deteriorate making the company unable to meet its expenditure and manage it day to day operations.I’m generally confused with this requirement, “describe why these could impact
upon the ability of the company to continue trading on a going concern basis.”
How do I figure out how this indicator affect the going concern status?Thank you. 🙂
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