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  3. book value: select one: a. is equivalent to market

Book value: Select one: a. Is equivalent to market value for firms with fixed assets....

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Finance

Book value:

Select one:

a. Is equivalent to market value for firms with fixed assets.

b. Is based on historical cost.

c. Generally tends to exceed market value when fixed assets are included.

d. Is more of a financial than an accounting valuation.

e. Is adjusted to market value whenever the market value exceeds the stated book value.

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