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Essay Question- Investments What is the FASB's rationale to require: 1) (5 Points) reporting investments in the frequently traded securities at the market value instead

Essay Question- Investments

What is the FASB's rationale to require:

1) (5 Points) reporting investments in the frequently traded securities at the market value instead of at cost?

2) (5 Points) reporting held-to-maturity securities at the amortized cost instead of at the market value?

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