What is value? o Liquidation value represents the amount of money that could be realized if an asset or group of assets is sold separately from its operating organization o Going-concern value represents the amount a firm could be sold for as a continuing operating business. 4-34-3 What is Value? Going-concern value represents the amount a firm could be sold for as a continuing operating business. Liquidation value represents the amount of money that could be realized if an asset or group of assets is sold separately from its operating organization