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Prepare and present arguments against measuring liabilities

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Reference no: EM132493687

Point 1: SFAS No. 159 (FASB ASC 825) allows companies to value financial liabilities at fair value. If not elected, financial liabilities will continue to be accounted for under the historical cost method.

Question A. Prepare and Present arguments against measuring liabilities at fair value

Reference no: EM132493687

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