Libby is a trainee accountant and has prepared a balance sheet for the accounting year. She valued all the assets of the company at their current market price. Which accounting principle did she fail to comply with?

А. historical cost
B. accruals
C. matching
D. business entity
E. realization

Imprudential, inc., has an unfunded pension liability of $572 million that must be paid in 25 years. to assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. if the relevant discount rate is 6.5 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89)