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Which one of the following statements concerning market and book values is correct? a. The market value of fixed assets will always exceed the book

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Which one of the following statements concerning market and book values is correct? a. The market value of fixed assets will always exceed the book value of those assets b. The current book value of equipment purchased last year is equal to the initial cost of the equipment c. The market value tends to provide a better guide to the actual worth of an asset than does the book value. d. The market value of accounts receivable is generally higher than the book value of those receivables

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