_____ is an accounting concept measuring what shareholders would receive if all the firm's liabilities and assets could be sold/paid off at the stated balance sheet values.
A) Book value
B) Market value
C) Balance sheet value
D) Accounting value

Question

Quizplus · Accepted Answer

Book value is the accounting concept that measures what shareholders would receive if all the firm's liabilities were paid off and assets sold at their balance sheet values.

_____ Is an Accounting Concept Measuring What Shareholders Would Receive