Under the fair value option, companies can elect to value most types of financial assets and obligations at fair value even if they are not required to do so.

Name: Under the fair value option, companies can elect to value most types of financial assets and obligations at fair value even if they are not required to do so.
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Question

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Under the fair value option, companies have the choice to measure eligible financial assets and liabilities at fair value, providing flexibility in financial reporting.

Under the Fair Value Option, Companies Can Elect to Value