The fair value option though would no longer be

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Unformatted text preview: s would be accounted for at amortized cost as in tthis chapter. The fair value option, though, would no longer be permitted his chapter. The fair value option, though, would no longer be permitted except in unique circumstances. except in unique circumstances. The proposed change is a result of a joint project on financial instruments The proposed change is a result of a joint project on financial instruments by the International Accounting Standards Board (IASB) and the FASB as by the International Accounting Standards Board (IASB) and the FASB as part of a broader goal of achieving a single set of high quality global part of a broader goal of achieving a single set of high quality global accounting standards. At the time this text is being written, a final accounting standards. At the time this text is being written, a final standard is expected to be issued in 2012. standard is expected to be issued in 2012....
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This document was uploaded on 02/16/2014 for the course ACC 311 at Cal Poly Pomona.

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