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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