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#2 Please explain for better understanding


 The advantages and disadvantages of using fair

value to measure the elements reported on the balance sheet. provide examples, and connect your response to the conceptual framework if possible.

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Fair value accounting refers to an approach of financial reporting, under GAAP it is also known as... View the full answer

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Fair value accounting: The fair value accounting is one of the approach for financial reporting purpose,... View the full answer

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