1. A) Compare and contrast primary valuationalternatives:historicalcosts (purchase price less accumulated depreciation), fair value (market price), and the mixed attributed measurement model. In your opinion which one represents a better valuation alternative, why?

B) Discuss and analyze alternativeperspectives for determining financialperformance. Out of three methods (Cash flows reporting, Accrualaccounting, Tax reporting), which one do you prefer, why?