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Under traditional accounting methodology, historical cost is the accounting evaluation tool. However, when consolidations are...

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Accounting

Under traditional accounting methodology, historical cost is the accounting evaluation tool. However, when consolidations are implemented, the fair market value is used. Please consider the following questions:

Why is it important that consolidations prescribe to fair value?

When is the adjustment made?

How often is the adjustment recalculated?

How are the adjustments kept?

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