Which of the following statements concerning the valuation of assets on the balance sheet is correct? a.

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Which of the following statements concerning the valuation of assets on the balance sheet is correct?

a. Since a financial planner has access to all of the client financials, a privately held small business is easier to value than a publicly traded company.

b. Assets should be valued on the balance sheet using replacement cost.

c. An actuary should be retained to value all personal use assets.

Money market accounts are unlikely to lose value over time.

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Fundamentals Of Financial Planning

ISBN: 9781936602094

3rd Edition

Authors: Michael A Dalton, Joseph Gillice

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