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How would like to see the financial statements reported

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Reference no: EM132920935

Problem 1: Over the years, the financial world experimented with financial statements stated at fair market value or adjusted for inflation. Those attempts soured quickly, and we stayed with a combination of historical cost with some accounts at fair market value. How would you like to see the financial statements reported? Fair value, historical cost, some combination? Justify your response.

Reference no: EM132920935

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