With respect to a company's book value, it is: equivalent to the firm's market value minus its Habilities. a financial, rather than an accounting. generally greater than the market value when fixed assets are included. based on historical transactions. adjusted to the market value whenever the market value exceeds the stated book value. Question 8 2.5pts Krauss Upholstery purchased all of its fixed assets three years ago for $7 million. These assets can be sold today for $3 million. The current balance sheet shows net fixed assets of $3,800,000, current liabilities of $2,025,000, and net working capital of $865,000. If all the current assets were liquidated today, the company would receive $1,4 million in cash. The book value of the total assets today is and the market value of those assets is $3,800,000;$3,000,000 $4,960,000;$4,400,000 $6,690,000:$3,000,000 $6,690,000;$4,400,000 $4,960,000;$3,000,000