Question: SFAS No 159 allows companies to value financial liabilities at

SFAS No. 159 allows companies to value financial liabilities at fair value. If not elected, financial liabilities will continue to be accounted for under the historical cost model.
Team Debate:
Team 1: Present arguments in favor of measuring liabilities at fair value.
Team 2:Present arguments against measuring liabilities at fair value.


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  • CreatedDecember 17, 2014
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