Differentiate between market value and book value.

2. What do we mean by price-level accounting?

3. What do we mean by current-value accounting? Discuss valuation models.

4. Identify the most commonly used valuation models.

5. Explain the following valuation models: • Market value • Liquidation value • Collateral value •
Assessed value Comment on what it means to scan the environment.

6. Why is it important for buyers of a business to scan the environment?