Which of these will appear on a market value balance sheet?
I.Original cost of fixed assets less any depreciation to date
II.Issue value of bonds
III.Current sales value of a firm's plant and equipment
IV.Current market value of the outstanding shares of stock
A)I and II only
B)III and IV only
C)I,III,and IV only
D)II,III,and IV only
E)I,II,III,and IV

Question

Quizplus · Accepted Answer

Only III and IV will appear on a market value balance sheet since it focuses on the current market value of an asset or liability rather than their original cost or issue value. Therefore, options I and II are incorrect as they focus on the original cost or issue value rather than current market value.

Which of These Will Appear on a Market Value Balance