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10.Which of the following scenarios would warrant a company's use of the fair value option in accounting? When the company wants to their financial statement
10.Which of the following scenarios would warrant a company's use of the fair value option in accounting? When the company wants to their financial statement to reflect the current value of its financial assets and financial liabilities. When the company wants to use historical cost for as many assets as possible. When the company has a long-term investment in another publicly-traded company. When the company is required by GAAP to use the fair value option in accounting
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