Question: Colten Ltd. Bought Multiple Properties In Australia 90 Years Ago For $60,000. Now, 90 Years Later, A Real Estate Appraiser Inspects All Of The Properties And Concludes That Their Expected Market Value Is $45 Million.Which Of The Following Statements Is FALSE? A. If The Company Uses Historical Accounting Principles, The Company’s Assets Value Generally …

businessfinancefinance questions and answersColten Ltd. Bought Multiple Properties In Australia 90 Years Ago For $60,000. Now, 90 Years …Question: Colten Ltd. Bought Multiple Properties In Australia 90 Years Ago For $60,000. Now, 90 Years Later, A Real Estate Appraiser Inspects All Of The Properties And Concludes That Their Expected Market Value Is $45 Million.Which Of The Following Statements Is FALSE? A. If The Company Uses Historical Accounting Principles, The Company’s Assets Value Generally …This problem has been solved!See the answerColten Ltd. bought multiple properties in Australia 90 years ago
for $60,000. Now, 90 years later, a real estate appraiser inspects
all of the properties and concludes that their expected market
value is $45 million.Which of the following statements is
FALSE?
a.
If the company uses historical accounting principles, the
company’s assets value generally are not being accurately reflected
in the books.
b.
If the company uses historical accounting principles,
accountants record assets on a mark-to-market basis when reporting
financial statements.
c.
If the company uses historical accounting principles, then the
cost of the properties recorded on the balance sheet remains at
$60,000.
d.
At least one of the other options is incorrect.
Following are the sources of decreases in capital stock
outstanding EXCEPT
a.
Issuances of stock
b.
Stock backs
c.
Reverse stock splits
d.
Purchases and retirements of stock
Predicting future price movement refers to ______________.
a.
numerical analysis
b.
fundamental analysis
c.
technical analysis
d.
qualitative analysis
A ____________ can be disclosed if probability of realization is
very high.
a.
fixed cost
b.
contingent asset
c.
contingent liability
d.
revenue
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