Under traditional accounting methodology

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Reference no: EM13745869

Under traditional accounting methodology, historical cost is the accounting evaluation tool. However, when consolidations are implemented, the fair market value is used. Please consider the following questions:

Why is it important that consolidations prescribe to fair value?

When is the adjustment made?

How often is the adjustment recalculated?

How are the adjustments kept?

Reference no: EM13745869

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