FABM1

Q3-Week 2

Ofrin,Cyrus Jhun A.
11-Aristotle

Learning Task 1:
1. D
2. A
3. C
4. B
5. C

Learning Task 2:
1. Yes, it will be more beneficial if we consider the fair market value amount of a
business. In this way, a business will be priced accordingly with the consideration of
the factors that indicate the proper value for it.
2. In accounting, there is a basic concept that is termed as Separate Entity. It states
that business and personal transactions are treated separately. It can provide a
business to have a clear report on the use of its business money. This concept can
also help in avoiding confusion between the transactions done by the business and
its owner. Every detail in a business is essential to its growth that's why we should
create a separate procedure in handling business money. The information we can
gather from the report about the flow of money can provide us an idea on what plans
or tactics we can do for the business to grow.