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Accounting Assignment | Custom Assignment Help

Author:
October 21st, 2019

 How to understand this paragraph? Does it means a company should use fair value measurement when it in liquidation situation? if so, why?

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A firm that values its assets at exit prices derived from markets in which the firm is normally a buyer reports unusual value to those which would obtain in a liquidation situation, at least so far as the assets being so value are concerned. To employ such values when liquidation is not contemplated is surely misleading Get accounting assignment homework help

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