B. Why do we not report assets at liquidation value (you answer must have two key words in it)?

C. One of the major criticisms of GAAP and IFRS is that they fail to account for the true value of a company. Illustrate this concept further by contrasting the market capitalization of Microsoft versus its owners equity on the most recent financial statement. Please cite and reference your sources, which can include the attachedWall Street Journalarticle (Gallagher, 2019) and Microsofts recent financial statements.

D. What are the names of the accounting elements that correspond to items of value, debts, and net worth?