Fair value or mark-to-market accounting requires that most assets be valued at current market value rather than
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Fair value or mark-to-market accounting requires that most assets be valued at current market value rather than historical cost. This policy is controversial because ascertaining true market value in many instances is difficult, and critics contend that financial statements are therefore unduly volatile. Advocates argue that financial statements should reflect the best estimate of current asset values. p-696
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ISE Investments
ISBN: 9781266085963
13th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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