For each financial statement item listed in 1 through 5 below, identify the financial statement valuation (listed in a through f) at which it should be reported. You may use each letter more than once or not at all.
Financial Statement Valuations
a. Residual value
b. Present value
c. Original cost
d. Fair market value
e. Estimated sales price
f. Original cost less accumulated depreciation
____ 1. Cash
____ 2. Short-term investments
____ 3. Accounts receivable
____ 4. Long-term liabilities
____ 5. Office building

Question

For each financial statement item listed in 1 through 5 below, identify the financial statement valuation (listed in a through f) at which it should be reported. You may use each letter more than once or not at all.
 Financial Statement Valuations
a. Residual value
b. Present value
c. Original cost
d. Fair market value
e. Estimated sales price
f. Original cost less accumulated depreciation 
____ 1. Cash
____ 2. Short-term investments
____ 3. Accounts receivable
____ 4. Long-term liabilities
____ 5. Office building

Quizplus · Accepted Answer

The Answer of For each financial statement item listed in 1 through 5 below, identify the financial statement valuation (listed in a through f) at which it should be reported. You may use each letter more than once or not at all.
 Financial Statement Valuations
a. Residual value
b. Present value
c. Original cost
d. Fair market value
e. Estimated sales price
f. Original cost less accumulated depreciation 
____ 1. Cash
____ 2. Short-term investments
____ 3. Accounts receivable
____ 4. Long-term liabilities
____ 5. Office building

For Each Financial Statement Item Listed in 1 Through 5