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Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: Mark L. who wrote (16951)	7/30/1998 9:17:00 PM
From: NYBellBoy	Read Replies (2) \| Respond to of 18263

Mark L. - IMHO, the ""Going Concern" clause can be invoked whether or not the Financial Statements are audited. All businesses are considered "Going Concerns"; entities that will remain in business. The "Going Concern" clause is a statement that can be made, in any quarter where the viability of the business to remain a viable business becomes uncertain. It is invoked to protect and warn potential and current investors of the poor financial condition of the firm. It also protects management from lawsuits. Management will usually cite poor business conditions and markets that did not develop as anticipated. The write off of the deferred tax asset means that it is no longer reasonably certain that the company will be able to benefit from this asset. It is also called an impairment of an asset. :) BellBoy