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    Intermediate Accounting Study Set 1
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    Exam 2: Conceptual Framework Underlying Financial Reporting
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    Fair Value Measurement The Ongoing Trend Toward Using Fair Value Has Both Its
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Fair Value Measurement The Ongoing Trend Toward Using Fair Value Has Both Its

Question 48

Question 48

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Fair value measurement
The ongoing trend toward using fair value has both its supporters and its critics. Briefly explain arguments in favour of and against the use of fair value.

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Arguments in favour:
Fair values are cur...

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