Should firms be required to fair-value their long-term debt even in the event of a mismatch? Outline

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Should firms be required to fair-value their long-term debt even in the event of a mismatch? Outline arguments for and against this suggestion. Include arguments based on eliminating or reducing mismatch, as well as arguments based on wealth transfers deriving from the entity and the proprietorship views of financial reporting (See Section 3. 7 .1, including Note 23).


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Financial Accounting Theory

ISBN: 9780134166681

8th Edition

Authors: William R. Scott, Patricia O'Brien

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