Is the BOOK VALUE or the MARKET VALUE used in financial statements?

Question

Basically id like to know in a companies financial statements, i.e. thier assets and liabilities and such like, are the values the book values or market values?

whats the difference between the two?

Answer 1

The MARKET VALUE means the value of  a subject in the market now.

The BOOK VALUE means the value of  a subject in the book ever.

Sometimes, the book value should be modified according to the value of a subject in the market now. So, the book value is more than or less than the market value. And you konw, we should modify the book value according to the market value.

Answer 2

book values are the historical costs or the original price paid for the fixed assets acquired...

market values are the current market price of an asset...

Answer 3

No.Both of them are considered as a financial tools to measure the company's performance.However,if the management  wishes , they can share the same in the annual report which they send at the end of financial year.

Book value  simply can be described as the per share valuation of the assets of the company,i.e.,total assets value divided by the total number of issued shares .Market value is the prevailing market rate of the share.