1. Which statement is false concerning the liquidation basis of accounting? A. Previously unreported identifiable intangible assets are reported at fair value. B. Liabilities are reported at full book value, unless terms have been legally renegotiated. C. Expected liquidation costs are netted against asset fair values. D. Expected compensation to be paid is accrued as a liability, even if it has not yet been earned.

Some disadvantages to leasing a car is that you are counting on someone to give you money every week or month depending on what you decided and if they don't have all of it well what if you needed that money now you as well have to pay not in full. a disadvantages to purchasing a new vehicle is if it is used then not all the time will absolutely everything work. its almost like a trail and era. although if it is a new car they will try to though all these specials and deals at you in your lease and it can be very overwhelming if you are not use to it.