11-74. A liquidation premise of value: a. Ensures that a firms assets are worth more in liquidation...

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11-74. A liquidation premise of value:

a. Ensures that a firm’s assets are worth more in liquidation than as a going concern

b. Assumes that a business will be terminated and sold

c. Can only be employed if a court directs it

d. Is not a method acceptable under GAAP

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Forensic Accounting

ISBN: 9781292059372

1st Global Edition

Authors: Robert J. Rufus, Bill Hahn, Laura Savory Miller, William Hahn

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