Compute which valuation technique considers replacement

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Reference no: EM132710250

Problem 1: Which valuation technique considers replacement cost of an asset when determining fair value?

Select one:

a. Income approach

b. Lower-of-cost-or-market approach

c. Market approach

Problem 2: What is not a key characteristic concerning users of general purpose financial statements?

Select one:

a. All of the above are key characteristics

b. The users lack the power to demand that the entity provides them with specific information

c. The users are internal to the entity

Reference no: EM132710250

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