Most Assets Should Be Valued at Cost Because Fair Values

question 167

Multiple Choice

Most assets should be valued at cost because fair values

• A) are not useful for decision-making.
• B) may not be representationally faithful.
• C) are not relevant.
• D) may be higher or lower than historical cost.

---

Definitions:

Business Ethics

The use of ethics and ethical principles to solve business dilemmas.

Special Problems

Unique or complex issues that require specific attention or solutions.

Business Ethics

Principles and moral values that guide the behavior and decision-making process of individuals and organizations in the business environment.

Regular Ethics

The study and application of moral principles and standards that guide everyday professional and personal conduct.