(Solved): Which of the following is an example of proper accounting when it comes to reporting values on a com ...

Which of the following is an example of proper accounting when it comes to reporting values on a company's balance sheet? (Check all that apply.) X Company reported its inventory at its current market value, which is lower than its original cost. X Company reported its land at the amount it could be sold for on the balance sheet date, which is higher than the original cost of the land. X Company reported its damaged equipment at an amount lower than it originally cost. X Company reported its notes receivable at the amount it originally loaned to employees, some of whom have since been laid off.