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    Mathandler1's Avatar
    Mathandler1 Posts: 87, Reputation: 2
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    #1

    Jul 27, 2007, 11:10 AM
    Reporting of a Liquidation
    In the reporting of a liquidation, assets are shown at:

    a Present value calculated using an appropriate effective rate
    b Net realizable value
    c Historical value
    d Book value
    e Market value

    The answer I turned in was (b). Is there someone out there that can confirm that I am right or not in giving this as my answer. And if not what is the correct answer. Thanks
    Mathandler1's Avatar
    Mathandler1 Posts: 87, Reputation: 2
    Junior Member
    		  
    #2

    Jul 27, 2007, 11:10 AM
    The answer I turned in was (b). Is there someone out there that can confirm that I am right or not in giving this as my answer. And if not what is the correct answer. Thanks
    Mathandler1's Avatar
    Mathandler1 Posts: 87, Reputation: 2
    Junior Member
    		  
    #3

    Jul 28, 2007, 10:22 AM
    Wow! I cannot believe my eyes that no one is out there that does not have his/her own thoughts regarding this question. I figure that there would be more than zero out there that would be respond with confirmation of either that I was correct or I was totally off the track with my answer. I really am interested in knowing if someone else has come up with the same asnswer as I did or with a different one. Thanks!
    J_9's Avatar
    J_9 Posts: 40,298, Reputation: 5646
    Expert
    		  
    #4

    Jul 28, 2007, 10:24 AM
    Jeeze dude, give the people TIME to answer. The people who are here are here on a voluntary basis and may not be online at this moment, considering it is a weekend they may be doing things with friends and family.

    Chill out. While we do not do homework for our posters it is clear that you did do yours and you showed effort. Someone will help you when they get online.
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