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Which would not be useful in searching for hidden assetsSolutio.pdf

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Which would not be useful in searching for hidden assets? Solution ANSWER: In accounting, a hidden asset is an asset that is not shown on a balance sheet. The requirement to search for hidden assets can arise in a numerous practice areas, including shareholder/partnership disputes, fraud investigations, divorce cases, and business valuations. It can be done as: a. Calculating industry ratios. b. Looking at lifestyles of major players. c. Using the net worth method. d. Comparing cash flow with income..

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Which would not be useful in searching for hidden assets? Solution ANSWER: In accounting, a hidden asset is an asset that is not shown on a balance sheet. The requirement to search for hidden assets can arise in a numerous practice areas, including shareholder/partnership disputes, fraud investigations, divorce cases, and business valuations. It can be done as: a. Calculating industry ratios. b. Looking at lifestyles of major players. c. Using the net worth method. d. Comparing cash flow with income.

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  • 1. Which would not be useful in searching for hidden assets? Solution ANSWER: In accounting, a hidden asset is an asset that is not shown on a balance sheet. The requirement to search for hidden assets can arise in a numerous practice areas, including shareholder/partnership disputes, fraud investigations, divorce cases, and business valuations. It can be done as: a. Calculating industry ratios. b. Looking at lifestyles of major players. c. Using the net worth method. d. Comparing cash flow with income.