The same market forces the that influence the fair

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Unformatted text preview: financial assets and liabilities at fair value. The same market forces The that influence the fair value of an investment in debt securities (interest rates, economic conditions, risk, etc.) influence the fair value of liabilities. 14-27 Where We’re Headed Under a proposed change in the way we account for financial assets and Under a proposed change in the way we account for financial assets and lliabilities, financial assets would be measured at (a) fair value with iabilities, financial assets would be measured at (a) fair value with changes reported in net income (FV-NI), (b) at fair value through Other changes reported in net income (FV-NI), (b) at fair value through Other Comprehensive Income (FV-OCI), or (c) at amortized cost, the Comprehensive Income (FV-OCI), or (c) at amortized cost, the classification depending on the assets’ characteristics and the company’s classification depending on the assets’ characteristics and the company’s business strategy for holding the assets. business strategy for holding the assets. Most lliabilities would be accounted for at amortized cost as described in Most iabilitie...
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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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