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The valuation principle of fair value accounting applied to investments classified as available for sale securities: Affects the current period income statement, but not the
The valuation principle of "fair value accounting" applied to investments classified as available for sale securities:
Affects the current period income statement, but not the balance sheet.
Enhances usefulness of the balance sheet in evaluating the financial position of a business.
Applies to marketable securities and inventories.
Requires a corporation to adjust its capital stock account to reflect current market value of its outstanding capital stock.
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