alleryStart learning →Market value of an investment is its open-market sale value, net of:
Aexpenses needed on or before disposal
Bincome tax payable on the gain
Cdividend still due from the investee
Dbrokerage paid when it was bought
Answer & Solution
Correct answer: A. expenses needed on or before disposal
Market value is what a sale in an open market yields after the expenses that must be incurred to dispose of it.
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