How does the measurement of the fair value of a liability differ from that of an asset?

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How does the measurement of the fair value of a liability differ from that of an asset? What are the key steps in determining a fair value measure?

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Financial Reporting

ISBN: 978-0730363361

2nd Edition

Authors: Janice Loftus ,Ken Leo ,Sorin Daniliuc ,Belinda Luke ,Hong Nee Ang ,Karyn Byrnes

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