If assets are at fair market value in the balance sheet, the income reported from those assets

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If assets are at fair market value in the balance sheet, the income reported from those assets in the income statement does not give any information about the value of the assets. In this correct?

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Financial statements

ISBN: 978-007802531

5th Edition

Authors: Stephen Barrad

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Question Posted: Mar 17, 2012 06:59 AM

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If assets are at fair market value in the balance sheet, the income reported from those assets

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Yes for assets marked to market income is just the change in market va...View the full answer

Financial statements

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