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Question
As a result of the passage of the 1984 Revised Model Business Corporation Act, it may be fair to state that
A. the book value of owners' equity may not give an accurate picture of potentially legal distributions.
B. the book value of owners' equity gives an accurate picture of potentially legal distributions.
C. the book value of owners' equity never gives an accurate picture of potentially legal distributions.
D. the book value of assets gives an accurate picture of potentially legal distributions.
Answer
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