A company that uses fair value accounting for a group of assets has more opportunity than a company that uses historical cost to manage earnings by selectively selling those assets whose value has risen.
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Q54: During periods of inflation, historical cost typically
Q55: When inflation is significant, depreciation of assets
Q56: In GAAP, the terms "net realizable value"
Q57: In GAAP, the principal difference between the
Q58: One consequence of using fair value to
Q60: Managing earnings by "gains trading" is easier
Q61: A primary disadvantage of the amortized cost
Q62: Typically, when a company owns equity securities
Q63: Under GAAP, intangible assets that are developed
Q64: If a company that uses GAAP changes
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