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In May 2011, FASB, Issued Accounting Standards Update 2011‐04, Fair

Question 44

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In May 2011, FASB, issued Accounting Standards Update 2011‐04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS. What is the purpose of this ASU?

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The purpose of ASU 2011-04 is to provide...

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