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Special financial statement disclosures are required so that investors and analysts can understand all of the following except: management's rationale for electing the fair value

Special financial statement disclosures are required so that investors and analysts can understand all of the following except:

  • management's rationale for electing the fair value accounting option.
  • the difference between fair values and contractual cash flows for certain items.
  • the impact of changes in fair values on earnings for the period.
  • management's rationale for not electing the fair value accounting option

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