The value determined by the market for similar buildings/properties at the time of sale

A) accounts payable
B) assets
C) corporation
D) cost
E) economic entity assumption
F) liabilities
G) market value
H) monetary unit assumption
I) note payable
J) (paid-in) capital
K) partnership
L) proprietorship
M) retained earnings
N) stockholders' equity

Question

​The value determined by the market for similar buildings/properties at the time of saleA) accounts payableB) ​assetsC) ​corporationD) ​costE) ​economic entity assumptionF) ​liabilitiesG) ​market valueH) ​monetary unit assumptionI) ​note payableJ) ​(paid-in) capitalK) ​partnershipL) ​proprietorshipM) ​retained earningsN) stockholders' equity

Rachel Hartfield · Accepted Answer

Final Answer : G, Explanation :  Market value refers to the price at which similar assets, in this case, buildings or properties, are currently being sold in the market.

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Learning Objectives

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