Question
1. What does fair value accounting mean? 2. Some students thought that we booked only realized activities in accounting, such as revenue being recorded when
1. What does fair value accounting mean?
2. Some students thought that we booked only realized activities in accounting, such as revenue being recorded when realized or realizable. So why do we now record these unrealized gains and losses? Shouldnt we wait until they are realized?
3. Arent we showing unrealized gains or losses twiceonce under assets along with the temporary investment and again as part of comprehensive income? Isnt this double dipping?
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Cornerstones of Financial and Managerial Accounting
Authors: Rich Jones, Mowen, Hansen, Heitger
1st Edition
9780538751292, 324787359, 538751290, 978-0324787351
