3.Match the descriptions listed in letters a through e below with the proper valuation numbered from 1 through 4. Descriptions a.Amount paid is reduced by the measured amount used up ...

3.Match the descriptions listed in letters
a
through
e
below with the proper valuation numbered from 1 through 4.

Descripti
o
ns

a.Amount paid is reduced by the measured amount used up

b.Amount that would have to be paid to acquire the same asset at the balance sheet date

c.Discounted cash flows

d.Amount derived from net equity of company

e.Amount received if the asset were sold

____1.Present value

____2.Fair market value

____3.Replacement cost

____4.Residual interest

4.For each financial statement item listed in
1
through
5
below, identify at which financial statement valuation (listed in
a
through
g) the item should be reported. You may use each letter more than once or not at all.

Financial Statement Valuations

a.Present value

b.Fair market value

c.Original cost

d.Face value

e.Net realizable value

f.Original cost less accumulated depreciation

g.Lower of cost or market

____1.Inventory

____2.Plant and equipment (book value)

____3.Land used for plant site

____4.Current liabilities

____5.Long-term notes receivable

5.For each financial concept listed in
1
through
5
below, identify in which category (listed in
a
through
f) it should be matched. You may use each letter more than once or not at all.

3.Match the descriptions listed in letters a through e below with the proper valuation numbered from 1 through 4. Descriptions a.Amount paid is reduced by the measured amount used up ...

Financial Statement Valuations

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