Monday, December 12, 2011

Does the classified balance sheet represent the current mkt value of the assets?

Does the classified balance sheet represent the current mkt value of the assets, liabilities, and stockholders' equity? Why? if not, how could i find out the mkt value?|||No. Some items, like property plant %26amp; equipment may be stated at cost less accumulated depreciation and accumulated impairment losses. To get the fair value, you need to read the notes to the accounts. Most of the latest standards require disclosure of fair values if the cost model is used for recognition purposes.

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