Generally accepted accounting principles require governments to report many assets to be reported at market value. However, few liabilities are reported at market value. Present arguments for and against reporting liabilities at market value.

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The Answer of Generally accepted accounting principles require governments to report many assets to be reported at market value. However, few liabilities are reported at market value. Present arguments for and against reporting liabilities at market value.

Generally Accepted Accounting Principles Require Governments to Report Many Assets