Question: Until recently, governments were not permitted to recognize increases in the value of investments as revenue. What arguments might you present in support of the
Until recently, governments were not permitted to recognize increases in the value of investments as revenue. What arguments might you present in support of the current position that investments be stated at fair value and that changes in fair value be recognized as either revenues or expenditures? What arguments might you present against the current position? Please support your position with references in the appropriate APA style format.
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