Use the followina financial statement excernts for auestions 13-17: 15. John Meower wants to sell 20% of the ownership of Meower's to a private equity fund. He is exploring different ways of valuing the investment. He decides to set the price based on book value. So, 20% of $8.8 million, works out to be $1.76 million. Why is this a good way to proceed? a. This method might be acceptable if the company was working off of an IFRS GAAP balance sheet using revaluation model b. This method might be acceptable if the company prepared their financial statements using U.S. GAAP. c. This method might be acceptable if the company had been in business for a long time and the assets were fully depreciated. Use the followina financial statement excernts for auestions 13-17: 15. John Meower wants to sell 20% of the ownership of Meower's to a private equity fund. He is exploring different ways of valuing the investment. He decides to set the price based on book value. So, 20% of $8.8 million, works out to be $1.76 million. Why is this a good way to proceed? a. This method might be acceptable if the company was working off of an IFRS GAAP balance sheet using revaluation model b. This method might be acceptable if the company prepared their financial statements using U.S. GAAP. c. This method might be acceptable if the company had been in business for a long time and the assets were fully depreciated