Author Question: Which of the following standards of value is often used in dissenting minority interest in ... (Read 75 times)

vinney12

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Which of the following standards of value is often used in dissenting minority interest in litigation?
 
  A) fair value
  B) fair market value
  C) book value
  D) investment value

Question 2

The adjusting entry to record the amount of prepaid insurance used or expired would involve a
 a. debit to Prepaid Insurance.
  b. credit to Cash.
  c. credit to Insurance Payable.
  d. debit to Insurance Expense.



Heffejeff

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Answer to Question 1

A
Explanation: A) The second most widely recognized standard of value is fair value (FV), which is often used in dissenting minority interest (or oppression) litigation.

Answer to Question 2

D



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