What is the difference between historical cost and fair value measurements?

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Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: May 16, 2017 09:41 AM

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What is the difference between historical cost and fair value measurements?

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Historical cost represents the amount paid in a transacti...View the full answer

Accounting Principles

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