Question
Under current U.S. GAAP, assets that have been donated to a company are recorded at fair value. For this week's posting, discuss the difference in
Under current U.S. GAAP, assets that have been donated to a company are recorded at fair value. For this week's posting, discuss the difference in treating them this way as opposed to using historical cost. Which way do you believe gives the most accurate, pertinent information to users of the Balance Sheet, and why?
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Auditing Advances In Behavioral Research
Authors: Lawrence A. Ponemon, David R.L. Gabhart
1st Edition
0387976191, 978-0387976198
