How should thefresh start reorganization valuenormally be determined?

Multiple Choice

• As the fair value of assets, debt, and equity, including assets that were not in the previous balance sheet.
• As the net realizable value of identifiable assets, debt, and equity, only including assets that were in the previous balance sheet.
• As the sum of current replacement cost of the company's assets.
• As the sum of the historical book value of net assets, adjusted for assets not previously recorded.
• As adjusted current cash flows for the entity as it emerges from reorganization.