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How to understand paragraph

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Reference no: EM132044122

How to understand this paragraph? Does it means a company should use fair value measurement when it in liquidation situation? if so, why?

A firm that values its assets at exit prices derived from markets in which the firm is normally a buyer reports unusual value to those which would obtain in a liquidation situation, at least so far as the assets being so value are concerned. To employ such values when liquidation is not contemplated is surely misleading?

Reference no: EM132044122

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