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Going Concern |
Also found in: Wikipedia | 0.04 sec. |
Going Concern A term describing a company with enough cash flow and/or other resources to maintain operations for the foreseeable future. A company that is no longer a going concern has gone bankrupt. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| If PricewaterhouseCoopers manages to salvage some parts of the business as going concerns, those employees could be saved. Those objectives, which are to preserve going concerns and to maximize the value of the bankruptcy estate for creditors, necessitate a liberal construction of the section 1146(a) tax exemption. Where once food and shelter were the going concerns for the struggling masses, today's more affluent citizens might start to consider, say, a way to stop sneezing and sniffling in the spring. |
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