When making financial decisions related to assets,you should:
A)always consider market values.
B)place more emphasis on book values than on market values.
C)rely primarily on the value of assets as shown on the statement of financial position.
D)place primary emphasis on historical costs.
E)only consider market values if they are less than book values.

Question

Quizplus · Accepted Answer

When making financial decisions related to assets, it is important to consider the current market values rather than solely relying on historical or book values. Market values reflect the current worth of an asset and can provide more accurate information for decision-making purposes.

When Making Financial Decisions Related to Assets,you Should