The total of a balance sheet represents: (a) what the organisation would sell for if someone took

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The total of a balance sheet represents:

(a) what the organisation would sell for if someone took it over

(b) the original historical cost, amended by revaluations, net of liabilities

(c) the total replacement cost, net of liabilities

(d) what the directors believe the organisation should be valued at

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Financial Accounting

ISBN: 9780273658597

3rd Edition

Authors: Anne Britton, Christopher Waterston

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