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How use of the fair value option reflects application

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Reference no: EM131959396

Problem

Can you please discuss these three question?Tthey need to be different from any other answers online.

1- Revenues, gains, and investments by owners are all increases in net assets. What are the distinctions among them?

2- What is the fair value option? Explain how use of the fair value option reflects application of the fair value principle.

3- Describe the major constraint inherent in the presentation of accounting information.

Reference no: EM131959396

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