According to Generally Accepted Accounting Principles, a Company's Balance Sheet

Multiple Choice

According to generally accepted accounting principles, a company's balance sheet should show the company's assets at

A) the cash equivalent value of what was given up or the asset received, whichever is more clearly evident
B) the market value of the asset received in all cases
C) the cash outlay only, even if part of the consideration given was something other than cash
D) the best estimate of a certified internal auditor
E) current replacement cost