An accounting practice whereby a firm values assets at current market prices is called:

Question

Quizplus · Accepted Answer

The accounting practice of valuing assets at current market prices is known as mark-to-market. This involves revaluing assets and liabilities based on their current market value, rather than their historic cost. This method is often used for financial instruments such as stocks, bonds, and derivatives. It provides a more accurate picture of a company's financial position and helps investors make informed decisions. The other choices are not related to this accounting practice.

An Accounting Practice Whereby a Firm Values Assets at Current