How does the requirement for companies to use the fair value method for financial instruments, as specified in ASC 820 (FAS 157), affect the measurement and presentation of those instruments in the financial statements, and how does it compare to the previous guidance provided in FAS 133?

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The detailed answer for the above question is provided below The fair value method as specified in ASC 820 previously known as FAS 157 requires compan... View the full answer