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To calculate effective tangible net worth, an analyst should make all of the following adjustments EXCEPT: A. Subtract intangible assets from net worth B. Subtract

To calculate effective tangible net worth, an analyst should make all of the following adjustments EXCEPT:

A.Subtract intangible assets from net worth

B.Subtract subordinated debt from liabilities

C.Add intangible assets to liabilities

D.Add subordinated debt to net worth

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