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Author Question: The time period assumption assumes a two year time frame with interim reporting occurring daily and ... (Read 129 times)

mmm

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on: Jul 6, 2018
The time period assumption assumes a two year time frame with interim reporting occurring daily and weekly.
 
  Indicate whether the statement is true or false

Question 2

Which of the following standards of value is mandated for all federal tax matters?
 
  A) fair value
  B) book value
  C) fair market value
  D) investment value


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Natalie4ever

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

T

Answer to Question 2

C
Explanation: C) The most widely recognized standard of value is fair market value (FMV), which is mandated for all federal tax matters.


mmm

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

elyse44

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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