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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:
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The market value of accounts receivable is normally more than their book value.
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Market value is generally a better indication of actual value than book value.
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The market value of fixed assets must exceed the book value of those assets.
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Book value gives the sales value of an asset.
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Equipment purchased one year ago should have a book value equal to the market value.
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