If a Vehicle That Has an Initial Estimate Is Found

question 1

Short Answer

If a vehicle that has an initial estimate is found to need more repairs a ____________________ estimate is prepared

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Definitions:

Common Stock

Equity ownership in a corporation, giving shareholders voting rights and a share in the company's profits through dividends.

Fair Value

The amount one would get from selling an asset or the cost incurred to transfer a liability during a regulated transaction with participants in the market as of the valuation date.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position, detailing assets, liabilities, and equity at a specific point in time.

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.