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Which of the following statements is true about the values recorded in the balance sheet...

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Finance

Which of the following statements is true about the values recorded in the balance sheet of a
firm?
The equity section of a firm's balance sheet represents the difference between the makket
value of the firm's assets and the book value of the firm's liabilities.
The book value of a firm's assets will be equal to the market value of the firm's assets.
The book value of a firm's debt generally is equal to or very close to the market value of
the firm's liabilities.
The equity section of a firm's balance sheet represents the difference between the market
value of the firm's assets and the market value of the firm's liabilities.
The book value of a firm's assets will be higher than the market value of the firm's assets.
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