In general, an asset is reported at its fair value when reliable information as to its market

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In general, an asset is reported at its fair value when reliable information as to its market value is available. Usually, this information is obtained from an outside party. Thus, the concept is: If reliable information is available, an asset is measured at its ___ ____ .

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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