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Per the attached article, what are some flaws of a historical-cost-based approach? https://www.gsb.stanford.edu/insights/charles-lee-why-fair-value-accounting-isnt-fair

Per the attached article, what are some flaws of a historical-cost-based approach?

https://www.gsb.stanford.edu/insights/charles-lee-why-fair-value-accounting-isnt-fair

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