Question
The book value of a firm is equivalent to the firm's market value provided that the firm has some fixed assets. based on historical cost.generally
The book value of a firm is
equivalent to the firm's market value provided that the firm has some fixed assets.
based on historical cost.generally greater than the market value when fixed assets are included.
more of a financial than an accounting valuation.
adjusted to the market value whenever the market value exceeds the stated book value.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
