Question: KQUESTION 4a [8 marks] Explain the arguments for and against marketvalue accounting. In your answer ensure that you clearly explain real losses and paper losses

KQUESTION 4a [8 marks] Explain the arguments for
KQUESTION 4a [8 marks] Explain the arguments for and against marketvalue accounting. In your answer ensure that you clearly explain \"real losses\" and \"paper losses\" and the role of moral hazard in the application of market value accounting. Use a simplied bank balance sheet to illustrate your response. How would the impact of COVIDl9 inuence your

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