According to the International Accounting Standards Board (IASB), why are financial statements usually prepared...

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Accounting

According to the International Accounting Standards Board (IASB), why are financial
statements usually prepared on the assumption that the entity is a going concern?
Select one:
To highlight the company's profitability
With emphasis on the company's past performance
As an assessment of the company's market share
To indicate the company's intention to liquidate or curtail operations
To evaluate the company's liquidity
Which component is not included in a complete set of financial statements according to IFRS?
Select one:
Statement of Cash Flows
Profit or Loss statement
Statement of Financial Position
Other Comprehensive Income
Statement of Comprehensive Income
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