Solved: Reporting using historical costs, Accounting Basics

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Reporting using historical costs

Problem: The Financial Accounting Standards Board (FASB) has been requiring some fair value reporting as it allows for more transparency than reporting using historical costs.

What do you think will be the impact to investors as the FASB requires all assets and liabilities to be presented at fair value?

Will this make financial statements easier or harder to understand? Will it improve comparability across companies?

Please discuss.

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Accounting Basics: Reporting using historical costs

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Accounting Basics: Reporting using historical costs

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