Question on: SS2 Accounting - Valuation of Goodwill

How is the fair market value of a company's assets and liabilities determined?

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A

By looking at the company's stock price

B

By analyzing the company's financial statements and other relevant information

C

By conducting a physical inventory of the company's assets

D

By estimating the value of the company's assets and liabilities based on industry averages

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Correct Option: B

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