=+b. SFAS No. 115 requires marketable equity securities to be carried at fair value (market value). Its
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=+b.
SFAS No. 115 requires marketable equity securities to be carried at fair value (market value). Its predecessor, SFAS No. 12, required mar-
ketable equity securities to be carried at lower-of-cost-or-market.
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Accounting Theory Conceptual Issues In A Political And Economic Environment
ISBN: 9780324186239
6th Edition
Authors: Harry I. Wolk, James Dodd, Michael G. Tearney
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