One requirement related to fair value disclosure is that both the cost and the fair value of all instruments be reported in the notes to the financial statements.

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This is a true statement. Under fair value accounting, companies are required to disclose the fair value and cost of all financial instruments in the notes to the financial statements. This helps investors and other stakeholders better understand the company's financial position and assess potential risks and returns.

One Requirement Related to Fair Value Disclosure Is That Both