Do you agree or disagree with her statement, Financial Accounting

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Do you agree or disagree with her statement

Problem

You are analyzing Nvidia's financial statements in anticipation of making an investment in Nvidia's common stock. One of your colleagues told you she has little use for accounting figures based on historical cost. She believes that fair values are far more important to investors than "old, outdated, costs." Do you agree or disagree with her statement? Why or why not?

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Financial Accounting: Do you agree or disagree with her statement

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