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Please identify the most truthful statement: 1 The market value of accounts receivable is normally more than their book value. Market value is generally a

Please identify the most truthful statement:

1

The market value of accounts receivable is normally more than their book value.

Market value is generally a better indication of actual value than book value.

The market value of fixed assets must exceed the book value of those assets.

Book value gives the sales value of an asset.

Equipment purchased one year ago should have a book value equal to the market value.

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