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It is sometimes stated the use of book value in valuations: a. Is logical and appropriate because the values in the balance sheet are based

It is sometimes stated the use of book value in valuations: a. Is logical and appropriate because the values in the balance sheet are based on incurred historical costs. b. Is not really a valuation method. c. Always acceptable if the valuation expert uses adjusted book value. d. Always omits intangible assets. (Points : 5) a b c d

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