When Evaluating the Assets of an Existing Business, the Inventory

question 62

Multiple Choice

When evaluating the assets of an existing business, the inventory ________.

• A)is always current and salable
• B)usually appreciates over time, making the business a bargain
• C)should be judged on the basis of its market value, not its book value
• D)is usually stated honestly and does not need an independent audit

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Definitions:

Cystic Fibrosis

a genetic disorder that affects the lungs and digestive system, characterized by thick, sticky mucus that can lead to respiratory and digestive problems.

XYY Syndrome

A genetic condition where a male has an extra Y chromosome, associated with some physical traits and possibly an increased risk of learning difficulties or behavioral problems.

Sickle Cell

A genetic blood disorder characterized by red blood cells that assume an abnormal, rigid, sickle shape, leading to various health complications.

Phenylalanine

An essential amino acid that the human body cannot synthesize and must be obtained through diet, important for the biosynthesis of other proteins.