a going concern

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a going concern

A business, enterprise, or activity that has done well thus far and is expected to continue making a profit. The odds weren't great setting up another café in town, but it has since become a going concern.
See also: concern, going
References in periodicals archive ?
197 (Legislative History) over the classification of certain intangible assets (other than goodwill and going concern value).
This announcement is required by Section 610(b) of the NYSE Amex Company Guide, which requires a listed company that receives an audit opinion containing a going concern qualification to publicly announce such through the news media.
The proposal on going concern would require management of a reporting entity to consider all available information about the future, which is at least, but not limited to, 12 months from the end of the reporting period, when assessing whether a going concern assumption is appropriate.
Bank consolidations raise all of the traditional issues with acquired intangibles, such as goodwill and going concern value.
As noted in the Company's Report on Form 10-K filed on January 29, 2007, and as required under applicable NASDAQ rules, the Company notes that its financial statements for the fiscal year ended October 31, 2006 contain a going concern qualification from its independent accounting firm, BDO Seidman, LLP.
The Going Concern assumption in Generally Accepted Auditing Standards (SAS 59, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern) requires an auditor to evaluate conditions or events that raise questions about an entity's ability to continue as a going concern.
The Tax Court had assumed a willing buyer would operate the timber property as a going concern, accepting the low earnings and paying the capital gains tax over a period of years.
In addition, because a Chapter 7 is a liquidation, asset prices are often much lower than if those assets were valued as part of a going concern.
This announcement is being made in compliance with Nasdaq Marketplace Rule 4350(b)(i)(B), which requires separate disclosure of receipt of an audit opinion that contains a going concern qualification.
OB) , a leading market provider of secure real-time collaboration solutions for government networks and eGovernment, today reported that the going concern paragraph has been removed from its audit opinion contained in their recently filed 10K report for the year ended December 31, 2004.
There is substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time and that conclusion is expressed through the use of the phrase "substantial doubt about its (the entity's) ability to continue as a going concern?
To determine going concern value, the prevailing view appears to be that the FMV of the debtor's assets should include tangible assets, as well as goodwill and other intangible assets (e.
March 18 /PRNewswire-FirstCall/ -- Proxim Corporation , a leader in wireless networking equipment for Wi-Fi and broadband wireless networks, provided today an announcement that its financial statements for the year ended December 31, 2004, issued on March 15, 2005 and filed on March 16, 2005 with the Securities and Exchange Commission in the Company's Annual Report on Form 10-K, contained a going concern qualification from its independent registered public accounting firm.
Partnerships that receive goodwill and going concern value in connection with a transfer of a business from another partnership will find themselves subject to the Sec.
The Company restated its annual 2006 financial statements to reclassify approximately $54 million of debt as short term and disclose the operating and liquidity matters which raise doubt as to the ability of the Company to continue as a going concern.