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Top 3 Thomas R. Ittelson Quotes (2025 Update)

Thomas R. Ittelson Quote: “Liquidation Value The liquidation value is what the company’s assets would bring at a forced sale. Normally the liquidation value of a going concern has little relevance since the value of an operating business is much greater than its liquidation value.”
Thomas R. Ittelson Quote: “Book Value Book value represents the value at which assets are carried on the “books” of the company. The book value of a company is defined as its total assets less its current liabilities and less any long-term debt.”
Thomas R. Ittelson Quote: “If during the review of a corporation’s books, the accountant has reason to believe that the company may go bankrupt, he must issue a “qualified opinion” stating the potential of the company’s demise. More on this concept later.”
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