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The Fair value adjustment accounts receivable account is an asset valuation account Multiple Choice that is unaffected by the subsequent collection of receivables. that is
TheFair value adjustmentaccounts receivableaccount is an asset valuation account
Multiple Choice
- that is unaffected by the subsequent collection of receivables.
- that is created when fair value accounting is adopted but is not subsequently adjusted.
- that can only be adjusted downward.
- that would be adjusted upward or downward as fair values change and as the receivables are collected.
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
