Question: Under SFAS 1 5 7 ( ASC 8 2 0 ) , Group of answer choices All assets and liabilities must be measured at fair

Under SFAS 157(ASC 820),
Group of answer choices
All assets and liabilities must be measured at fair value.
Only non-financial assets must be measured at fair value.
Assets and liabilities must be measured at fair value based on market data.
Fair value measurements apply to financial assets and liabilities.

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