Which of the following statements relating to measurement of the value of an item appearing in the Financial Statements is TRUE? O 1. The value of property, plant and equipment (pp&e) always appears in the Balance Sheet at historical cost O 2. When a company is deemed to have significant influence over an investee company but not control, it should account for the investee using the consolidation method O 3. The amortised value of goodwill should appear in the Balance Sheet O 4. The notions of Fair Value, Realisable Value and Present Value are largely viewed as being the same

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 1EA: Match the correct term with its definition. A. cost principle i. if uncertainty in a potential...
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QUESTION 3
Which of the following statements relating to measurement of the value of an item appearing in the Financial Statements
is TRUE?
O 1. The value of property, plant and equipment (pp&e) always appears in the Balance Sheet at historical cost
O 2. When a company is deemed to have significant influence over an investee company but not control, it should
account for the investee using the consolidation method
O 3. The amortised value of goodwill should appear in the Balance Sheet
O 4. The notions of Fair Value, Realisable Value and Present Value are largely viewed as being the same
Transcribed Image Text:QUESTION 3 Which of the following statements relating to measurement of the value of an item appearing in the Financial Statements is TRUE? O 1. The value of property, plant and equipment (pp&e) always appears in the Balance Sheet at historical cost O 2. When a company is deemed to have significant influence over an investee company but not control, it should account for the investee using the consolidation method O 3. The amortised value of goodwill should appear in the Balance Sheet O 4. The notions of Fair Value, Realisable Value and Present Value are largely viewed as being the same
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