A company is a going concern if ........

General Accounting Principles Concepts of Accounting

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A company is a going concern if:

its balance sheet shows a strong financial position

its income statement for the current year shows huge profit

it is a public limited company

there is no evidence that it will or will have to cease operations within foreseeable future.

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Explanation:

Ans. there is no evidence that it will or will have to cease operations within foreseeable future.
The 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.