Accounting 2?

Question

The value at which an asset is reported on a financial statement is known as:

a. the carrying value.
b. the book value.
c. the net book value.
d. all of the above.

Answer 1

All three of those are pretty inter-changable.
Typically, the book value refers to the equity, but I think your best answer is d-all of the above.

Even wiki backs me up - http://en.wikipedia.org/wiki/Carrying_value

Good Luck!