unit 3 discusion - Fair Value Accounting for Securities As...

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Fair Value Accounting for Securities As you read in chapter 7, current accounting standards require that trading securities and available-for-sale securities be valued at the market rate on the date the financial statements are prepared (including quarterly). This is a form of fair value accounting where we "mark to market" specific assets. Generally, the rule for assets is that we record them at historical cost, so this is a change from "the norm". In your opinion, what are the advantages and disadvantages of being able to mark to market these specific securities? Do you feel that this is the proper treatment for these assets? Why or why not? Respond
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Collapse All Show Options Responses Author Christina Myers 27 Oct 10 9:06 PM MST Shandrette Simpson 28 Oct 10 1:36 PM MST Melanie Hicks 28 Oct 10 7:15 PM MST Christina Myers 29 Oct 10 4:14 AM MST
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29 Oct 10 7:22 PM MST Christina Myers 30 Oct 10 7:21 AM MST Rebecca Forman 31 Oct 10 11:20 AM MST Sara Santos 29 Oct 10 4:44 PM MST Christina Myers 30 Oct 10 7:15 AM MST
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unit 3 discusion - Fair Value Accounting for Securities As...

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