_____ is the net cash (selling price less selling costs) that the firm would receive if it sold the asset today, in orderly fashion in an arm's-length transaction. It is an example of an exit value, because it reflects a price that the firm would receive in a transaction in which an asset leaves the firm.
A)Current Replacement Cost
B)Net Realizable Value
C)Fair Value
D)Present Value of Future Net Cash Flows
E)Acquisition cost

Question

Quizplus · Accepted Answer

Net Realizable Value is the correct answer because it represents the amount of cash a company expects to receive from the sale of an asset, after deducting any costs associated with the sale. This aligns with the definition provided in the question.

_____ Is the Net Cash (Selling Price Less Selling Costs)