What is fair value reporting

Assignment Help Accounting Basics

Reference no: EM132690069

Problem 1: What is fair value reporting and what is the difference between the old reporting standards and the new fair value reporting procedures for trading securities, held-to-maturity, and available-for-sale securities.

Problem 2: How does the new reporting standards potentially affect the balance sheet and income statement? How were fair value standards adopted and is it a good or bad with the benefits of the new reporting standards

Reference no: EM132690069

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