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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 5: The Income Statement and the Statement of Cash Flows Time Value of Money Module
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    When a Company Classifies a Component as Held for Sale
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When a Company Classifies a Component as Held for Sale

Question 79

Question 79

True/False

When a company classifies a component as held for sale, it must report the component on its balance sheet at the lower of its book value or its fair value minus costs to sell.

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