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If everything were measured at fair value, the balance sheet would provide an objective statement of wealth. Required a) In one sentence, state whether you

"If everything were measured at fair value, the balance sheet would provide an objective statement of wealth."

Required

a) In one sentence, state whether you agree or disagree with the above statement. (1 mark)

b) Give reasons for your answer at a), that is, explain why you agree or disagree with the above statement (4 marks).

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