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Examine the requirements for measuring assets at fair value

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Reference no: EM13376780

Examine the requirements for measuring assets at fair value in the following accounting standards:

a. How can fair value be determined in each of the standards?

b. What impact would the differences in the methods allowed to determine fair value ?have on the financial reports?

c.Do you think the requirements for an active market in relation to intangibles assets is ?justified? What problems could occur if the active market requirement was not included for intangible assets?

Reference no: EM13376780

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