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Author Question: Which of the following standards of value is often used in dissenting minority interest in ... (Read 53 times)

vinney12

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on: Jul 6, 2018
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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Reply #1 on: Jul 6, 2018
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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