In ASR 190, the SEC reinforced its long-standing position of forbidding the presentation of information other than historical cost.

Name: In ASR 190, the SEC reinforced its long-standing position of forbidding the presentation of information other than historical cost.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

In ASR 190, the SEC allowed for the presentation of information other than historical cost, specifically allowing the use of fair value measurements in certain circumstances.

In ASR 190, the SEC Reinforced Its Long-Standing Position of Forbidding