Mulford says he doesn't disagree with the fair-value concept, although the study’s findings support current criticism of fair value accounting, specifically its short-term affects on financial statements. "I understand the attraction of fair-value accounting," he said. "However, there may be pain [in applying it.]"
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Debt-Ceiling DistressReader's Favorites
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John Formica, Jr.
Oct 19, 2007 11:01 AM ET
FAS 141R
Very well done, an enjoyable read. My understanding is that the gain under the new standard will result in an … more
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