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Business, 16.03.2020 16:39 jatavispillow

Election of the fair value option (FVO) for financial assets Permits only for-profit entities to measure eligible items at fair value. Requires deferral of related upfront costs. Results in recognition of unrealized gains and losses in other comprehensive income of a business entity. Results in recognition of unrealized gains and losses in earnings of a business entity.

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Election of the fair value option (FVO) for financial assets Permits only for-profit entities to mea...
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