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Home / Questions / Valuation should be accurate to provide useful information Which statement is NOT TRUE in

Valuation should be accurate to provide useful information Which statement is NOT TRUE in

Valuation should be accurate to provide useful information. Which statement is NOT TRUE in terms of valuation on B/S?

Marketable securities on B/S are based on fair value

Common stocks on B/S are always based on historical cost

Cash on B/S is based on current value

Inventory on B/S is always based on historical cost

Jan 10 2020 View more View Less

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