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Fair value is used as the basis for valuation of a firm's debt investments when: Multiple Choice the market value is less than cost for
Fair value is used as the basis for valuation of a firm's debt investments when: Multiple Choice the market value is less than cost for the investment. management's intention is to dispose of the investment within one year. the investment is classified as held-to-maturity. the investment is not classified as held-to-maturity
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