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quizz 2.5 - 1 The TNT Company has five plants nationwide...

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1. The TNT Company has five plants nationwide that cost $300 million. The current market value of the plants is $500 million. The plants will be reported as assets at A) $200 million. B) $800 million. C) $300 million. D) $500 million. Points Earned: 5.0/5.0 Correct Answer(s): C 2. On a classified balance sheet, companies usually list current assets 3. The going concern assumption underlies the 4. The advantage of accounting information is that it provides exact and completely reliable measures.
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