Market-Value Balance Sheets Differ from Book-Value Balance Sheets in That

question 107

Multiple Choice

Market-value balance sheets differ from book-value balance sheets in that market values:

• A) are higher than book values.
• B) are lower than book values.
• C) conform more to GAAP accounting.
• D)conform to investors' expectations.

---

Definitions:

Alditol

A type of sugar alcohol formed by reducing the aldehyde or ketone group in aldoses or ketoses, respectively.

Silver Oxide

A chemical compound of silver and oxygen that's used in some batteries and as a mild oxidizing agent in organic synthesis.

Methyl Iodide

A chemical compound with the formula CH3I, used as a methylating agent in organic synthesis.

Keto-enol Tautomerization

Keto-enol tautomerization is a chemical equilibrium between a ketone (or aldehyde) and an enol (an alcohol directly bonded to a carbon-carbon double bond), where hydrogen atoms and double bonds are redistributed.