When making financial decisions related to assets, you should:
A) always consider market values.
B) place more emphasis on book values than on market values.
C) rely primarily on the value of assets as shown on the balance sheet.
D) only consider market values if they are less than book values.

Question

Quizplus · Accepted Answer

Market values reflect the current value of assets in the marketplace, providing a more accurate and relevant basis for financial decisions than book values, which may not reflect current market conditions or the true value of an asset.

When Making Financial Decisions Related to Assets, You Should