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Author Question: Drawing is recorded in the Balance Sheet Debit column of a work sheet. Indicate whether the ... (Read 55 times)

Lisaclaire

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on: Jul 6, 2018
Drawing is recorded in the Balance Sheet Debit column of a work sheet.
  Indicate whether the statement is true or false

Question 2

Which of the following is true of investment value as a standard of valuation?
 
  A) Investment value is usually lesser fair value.
  B) Investment value is usually lesser than fair market value.
  C) Investment value is usually greater than book value.
  D) Investment value is usually greater than fair value.


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tkempin

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Reply #1 on: Jul 6, 2018
Answer to Question 1

T

Answer to Question 2

D
Explanation: D) Investment value is usually greater than fair market value (and thus greater than fair value).


Lisaclaire

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Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

Bigfoot1984

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Reply 3 on: Yesterday
:D TYSM

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