What is known as the net asset value (NAV)?
a. The closing price of the securities that comprise a particular fund's portfolio plus the value of any uninvested cash that the fund manager maintains for the fund.
b. A concept used in finance and economics, defined as a rational and unbiased estimate of the potential market price of a good, service, or asset.
c. The value of an entity's assets less the value of its current liabilities at the end of the trading day.
d. The difference between the replacement cost of a fixed asset and its book value appearing on the balance sheet.
a
FEEDBACK: a. Correct.
b. Incorrect.
c. Incorrect.
d. Incorrect.
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Capitalized costs incurred to develop internal use computer software should be amortized using the:
a. percent-of-revenue approach. b. percent-of-completion approach. c. straight-line approach. d. accelerated amortization approach
Which of the following expands the concept of context and is influenced by social and cultural forces?
A) Transaction model B) Relational context C) Interaction model D) Psychological model E) Language