As Per GAAP,fair Value-For Accounting Purposes-Is

question 11

Multiple Choice

As per GAAP,fair value-for accounting purposes-is

• A)an entry price.
• B)an exit price.
• C)the market price in a forced sale.
• D)always easily determinable.

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Definitions:

Return on Assets

A financial ratio that indicates how profitable a company is relative to its total assets.

Net Income

The profit a company makes post all deductions of expenses and taxes from its overall revenue.

Assets

Assets held by a company or person anticipated to yield benefits in the future.

U.S. Treasury Bonds

Long-term government securities issued by the U.S. Department of the Treasury with a fixed interest rate and maturity of more than 10 years.