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How much a particular object is worth to a particular set

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Reference no: EM133004855

Problem 1: ____________ pertains to how much a particular object is worth to a particular set of eyes.

a. Price

b. Value

c. Cost

d. Fundamentals

Problem 2: The price, expressed in terms of cash equivalents, at which property would change hands between a hypothetical willing and able buyer and a hypothetical willing and able seller, acting at arm's length in an open and unrestricted market, when neither is under compulsion to buy or sell and when both have reasonable knowledge of the relevant facts.

a. Going concern value

b. Liquidation Value

c. Intrinsic Value

d. Fair Market Value

Reference no: EM133004855

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