Examlex
There is a growing tendency for many non-current assets to be valued on the basis of market values. The item which is most likely to be valued at market value is:
True Assertion
A claim or statement that accurately represents the facts and is correct.
Fraudulent Misrepresentation
A false statement made knowingly or recklessly with the intent to deceive, leading another to enter into a contract.
Innocent
Relates to the state of not being guilty of a crime or other wrong act.
Negligent
The failure to take reasonable care to avoid causing injury or loss to another person, leading to liability for any harm resulted from such careless actions.
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