The Valuation of Assets in the Balance Sheet Is Based

question 93

Multiple Choice

The valuation of assets in the balance sheet is based primarily upon:

• A)What it would cost to replace the assets.
• B)Cost,because cost is usually factual and verifiable.
• C)Current fair market value as established by independent appraisers.
• D)Cost,because in the event of liquidation,the assets would be sold at an amount equal to their original cost.

---

Definitions:

Fertilization

The process of combining male and female gametes, leading to the formation of a zygote and the beginning of embryonic development.

Embryonic Germ Layers

The three primary layers of cells (ectoderm, mesoderm, and endoderm) in the embryo from which all tissues and organs develop.

Acrosome

A vesicle at the tip of a sperm cell containing enzymes that help the sperm penetrate the egg.

Umbilical Cord

A flexible cordlike structure containing blood vessels and attaching a human or other mammalian fetus to the placenta during gestation.