The difference between the balance of the Equipment account and ...

[mcmcdaniel]

The difference between the balance of the Equipment account and its related Accumulated Depreciation account is called
 a. trade-in value.
  b. a contra asset.
  c. an accrued liability.
  d. an accrued asset.
  e. book value.

Question 2

Which of the following should be the first phase of analysis of information gathered for a business valuation engagement?
 
  A) identifying significant relevant factors
  B) reconciling information collected with the financial statement analysis
  C) analysis of the company's financial statements
  D) developing a discount rate

[bbburns21]

Answer to Question 1

E

Answer to Question 2

C
Explanation: C) The first phase should be the analysis of the company's financial statements.

[mcmcdaniel]

Thank you

[bbburns21]

No problemo