An Excess of Market Value Over the Book Value of Equity

question 37

True/False

An excess of market value over the book value of equity can be attributed to going concern value.

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Definitions:

Maturity Value

The total amount that will be paid to the holder of a financial instrument at its maturity date, including principal and any accrued interest.

Promissory Note

A financial document in which one party promises to pay a certain sum of money to another party under agreed terms.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Dishonored

Refers to a financial instrument, such as a check or promissory note, that has not been paid upon presentation because of insufficient funds or other reasons.