Which of the Following Is an Example of Proper Accounting

Multiple Choice

Which of the following is an example of proper accounting when it comes to reporting values on a company's balance sheet?

A) X Company reported its land at the amount it could be sold for on the balance sheet date,which is higher than the original cost of the land.
B) X Company reported its damaged equipment at an amount lower than it originally cost.
C) X Company reported its inventory at its current market value,which is higher than its original cost.
D) X Company reported its notes receivable at the amount it originally loaned to employees,some of whom have since been laid off.