(p.Appendix: A)On a partner's personal statement of financial condition,how are assets valued?

Question

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Assets on a partner's personal statement of financial condition should be valued at their estimated current value. This gives a more accurate reflection of the partner's net worth than historical cost, book value, or discounted value, which may not accurately reflect the true value of an asset in the current market.

(PAppendix: A)On a Partner's Personal Statement of Financial Condition,how Are