Going concern 10k
WebSome discussions in this Annual Report on Form 10-K contain forward-looking statements that have been made pursuant to the provisions of the Private Securities Litigation … WebApr 12, 2024 · This going concern status requires the Company to write-down certain non-cash deferred tax assets and goodwill and other intangible assets. Therefore, the financial results reflected in its Form 10-K, when filed, will differ significantly in these areas from the preliminary results it announced on March 1, 2024.
Going concern 10k
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Web24.5.1 Assessing going concern. Financial reporting under US GAAP assumes that a reporting entity will continue to operate as a going concern until its liquidation becomes imminent. This is commonly referred to as the going concern basis of accounting. If a reporting entity faces conditions that give rise to uncertainties about its ability to ...
WebForm. 10-K. Filing Date. Feb 25, 2024. Document Date. Dec 31, 2024. Form Description. Annual report which provides a comprehensive overview of the company for the past year. Filing Group. WebMar 26, 2016 · The term going-concern means that your audit client will continue to operate indefinitely; a benchmark for indefinitely is at least 12 months past the balance …
Weba going concern basis is a binary decision, but the circumstances in which entities prepare financial statements on a going concern basis will vary widely. The circumstances could … WebApr 8, 2024 · When management identifies conditions or events that raise substantial doubt about a company’s ability to continue as a going concern, management should consider …
WebThe concept of going concern is an underlying assumption in the preparation of financial statements, hence it is assumed that the entity has neither the intention, nor the need, to liquidate or curtail materially the scale of its operations.
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