Net Asset Value Is Defined as ________________________

question 47

Multiple Choice

Net Asset Value is defined as ________________________.

• A) book value of assets divided by shares outstanding
• B) book value of assets minus liabilities divided by shares outstanding
• C) market value of assets divided by shares outstanding
• D) market value of assets minus liabilities divided by shares outstanding

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Definitions:

Cash Over and Short

An account used to report a discrepancy between the physical cash counted and the expected amount in a company's records, representing either an excess or shortage.

Journal Entry

The record of a financial transaction in an accounting system whereby debits and credits are made to various accounts to maintain balance.

Petty Cash

A small amount of cash kept on hand for making immediate payments for small expenses.

Cash Over and Short

An account that records discrepancies between physical cash and recorded amounts due to errors or theft.