18. Which of the following statements is true?

A. The value of a company is likely to be very different from the total net value of the individual assets and liabilities reported on the statement of financial position

B. The value of a company is identical to the total net value of the individual assets and liabilities reported on the statement of financial position

C. The value of a company is identical to retained earnings, as reported on the statement of financial position

D. The value of a company is equal to current assets, less current liabilities

 Answer : A