Does current GAAP provide any exceptions to the fair-value measurement principle for business combinations?
Question:
Does current GAAP provide any exceptions to the fair-value measurement principle for business combinations?
GAAPGenerally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
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Yes there are fair value exceptions The codification lists those exception...View the full answer
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Related Book For 
Advanced Accounting
ISBN: 978-0134472140
13th edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
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