Question: Determine how current values might be determined for investments, land, buildings, equipment, patents, copyrights, trademarks, and franchises. How might the use of current values in

Determine how current values might be determined for investments, land, buildings, equipment, patents, copyrights, trademarks, and franchises. How might the use of current values in the accounting records cause earnings volatility? Discuss how management might manage earnings using current cost data. How do the requirements originally established by SFAS N. 157 affect the use of fair value measurement in financial statements?

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