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  3. question 4 (0.2 points) (market vs book) a firm wi

Question 4 (0.2 points) (Market vs Book) A firm with a long record of average...

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Question 4 (0.2 points) (Market vs Book) A firm with a long record of average performance just introduced a new product that instantly exceeded by far all expectations for sale and profits. The sales growth for this product is expected to continue for decades to come. This firm's market value of equity (stock) is less than the book value of equity. This firm's market value of equity (stock) equals the book value of equity. This firm's market value of equity (stock) is greater than the book value of equity. Question 5 (0.2 points) Accountants: [SELECT ALL THAT APPLY] O construct financial statements using the accrual-based approach must apply Generally Accepted Accounting Principles to portray fairly how the firm will perform in the future. construct financial statements using the cash-based approach Omust apply Generally Accepted Accounting Principles to portray fairly how the firm has performed in the past

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