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Relation of book value and market value

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Relation of Book Value and Market Value

Select an account from one of the categories below. Intangible assets not subject to amortization because of indefinite lives

Examine the U.S. GAAP and IFRS standards related to reporting of that asset. Note the recording when book values and market values differ. What Judeo-Christian ethical principles might apply to the decision of which valuation is used?

Reference no: EM133061009

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