According to the FASB, it is desirable for companies who are uncertain of exactly what their assets are worth to report them
A) "Conservatively," at values somewhat lower than they expect them to be worth
B) ""Neutrally," at the most likely estimate of what the assets are worth
C) "Aggressively," at values somewhat higher than they expect them to be worth
D) At zero value

Question

Quizplus · Accepted Answer

The FASB recommends reporting assets at their most likely estimate of value, which is a neutral approach that avoids both overly conservative and aggressive valuations.

According to the FASB, It Is Desirable for Companies Who