Historical cost accounting is required gaap therefore you

Reference no: EM13603304

Historical cost accounting is required GAAP. Therefore, you first need to define those assets that CAN be reported at fair value on the Balance Sheet before getting into your discussion on FV accounting i.e. first define which assets/liabilities you're referring to in your discussion then move on.APA format and cite you source.

Reference no: EM13603304

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