If the temporal method is used, the gain or loss on remeasurement is included in net income

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If the temporal method is used, the gain or loss on remeasurement is included in net income each year. Explain why this makes sense economically.

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Advanced Accounting

ISBN: 9780131851221

9th Edition

Authors: Floyd A. Beams, Robin P. Clement, Suzanne H. Lowensohn, Joseph H. Anthony

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Question Posted: Jul 08, 2024 02:05 AM

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The gain or loss on remeasurement is included in net income each year if the temporal method is used. Explain why this makes sense economically.
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If the temporal method is used, the gain or loss on remeasurement is included in net income

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Advanced Accounting

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