“Fair Value Accounting” Please respond to the


Question Description:

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“Fair Value Accounting” Please respond to the following: •Companies have the option of reporting some financial instruments at fair value and fair value reporting is required for some other financial instruments. IFRS 9 will retain mixed reporting. Discuss whether all financial instruments be recorded at fair value. Provide a rationale with your response. •Determine whether equity investments should be reported at fair value instead of costs. Provide a rationale with your response.

Answer

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