Abusiness interest that constitutes a large part of an individual's total assets should be presented in a personal statement of financial condition asa) a separate listing of the individual assets and liabilities at cost. b) a single amount equal to the proprietorship equity. c) a single amount equal to the estimated current value of the business interest. d) separate line items of both total assets and total liabilities at cost.

Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold