Which of the statements is true about the values recorded, Financial Management

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Which of the statements is true about the values recorded

1. Which of the statements is true about the values recorded in the balance sheet of a firm??

a. ?The book values of a firm's assets will be equal to the market values of the firm's assets.

b. ?The book values of a firm's liabilities will be higher than the market values of the firm's liabilities.

c. ?The equity section of a firm's liability represents the difference between the market value of the firm's assets and the market value of the firm's liabilities.

d. ?The book values of a firm's assets will be higher than the market values of the firm's assets.

e. ?The book values of a firm's debt will be very close to the market values of the firm's liabilities.

2. Which of the following statements is true regarding witness lists?

Their production does not require a discovery request

Their production requires a subpoena

Their production requires court approval

Their production requires the consent of each witness on the list

None of the above

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