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Essentially, it requires firms and their auditors to try to report the price an asset would fetch if sold today.
To a first approximation, that value is the amount that they would fetch if they went up for auction.
The prices these clothes will fetch if they ever make it to the racks of Brand Select Recycle just don't bear thinking about.
Even so, the bank's shares still trade just below book value, a figure that essentially represents what the disparate parts should fetch if sold off.
Shares on Tokyo's broader Topix index long traded below their book value, meaning that prices were less than what the companies would fetch if they were dissolved and their parts sold off.
The danger for competition is that GE might, in future, offer customers a "mixed bundle" of engine and avionics at a lower price than the items would fetch if they were sold separately.
Similar(41)
But given the president's proclivities, it would wouldn't seem that far fetched if his reorganization of the Minerals Management Service into separate divisions eventually included the creation of a federal entity that directed the development of federally owned oil and gas acreage rather than just leasing it and collecting royalties.
Experts in the classic car field had predicted the McQueen Ferrari would be sold at multiples above the price it would have fetched if someone else had owned it.
And then there is the money, the police estimates of what the drugs would have fetched if they'd made their way onto the street; figures so high they make your eyes water.
Mark to market regulations essentially force banks to price their assets according to how much they could fetch in the market if sold the next day.
A fake lighter that is worth 50 cents if anonymous might fetch $5 wholesale if adorned with a Zippo, Cartier or Dunhill logo.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com