Instructions: Please, respond to the below two cases and include at least 2 references (citation). This assignment should be about 2 pages total (around 500 words including only the answers.) CASE 7-4...

Case 7-4
There are different measurement techniques which are used by the companies for measuring the balance sheet items. Moreover the assets of the company are divided into two parts i.e. current assets and the non-current assets and thus liabilities are categorized into current and non-current liabilities (Bragg S). The current assets includes accounts receivables, cash and bank balances, marketable securities and many more whereas on the other hand non-current assets comprises of fixed assets and intangible assets such as goodwill, patent, etc.. The measuring techniques are-
1) Marketable Securities: At fair value or at amortized costs.
2) Cash and cash equivalents: It is generally recognized at current value and for this it is less important that what measurement basis is selected as in every case it will reflect the same value.
3) Accounts receivable: It is the amounts that are owed by the customers of the business. It is valued at estimated future value i.e. it is generally recorded at net realizable value that is the approximate fair value which is based on estimate of collection.
4) Tangible Fixed assets: It can be...