All of the following are difficulties encountered in determining fair values except: a. the need to...
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All of the following are difficulties encountered in determining fair values except:
a. the need to identify comparable assets currently available in the market to value assets in place
b. the need to make assumptions about the effect of technological and other improvements when using the prices of new assets currently available on the market in the valuation process
c. the absence of U.S. GAAP and IFRS standards related to reporting long-lived assets
d. the absence of active markets for many used fixed assets, particularly those specific to a particular firm’s needs
Homework Answers
Answer is Option C.
Fair values can be determined without facing any difficulties except in the absence of US GAAP and IFRS standards related to reporting long lived assets.
Thank you.
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All of the following are difficulties encountered in determining
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the need to...
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hints:-
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and answer the following questions
hints:-
13. cash provided (used) by operating activities, investing
activities, and financing activities. 14. cash-based net income.
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and interpret accounts receivable ratio (most recent and prior
period).
hints:-
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1. What is the amount of Apple’s accounts
receivable as of September 30, 2017?
2. Compute Apple’s accounts receivable turnover as
of September 30, 2017.
3. How long does it take, on average, for
the company to collect receivables for fiscal year ended September
30, 2017?
4. Apple’s most liquid assets include (a)
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securities, (c) accounts receivable, and (d)
inventory. Compute the percentage that these liquid assets (in
total) make up of...
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