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Why you should make voluntary disclosures under FAS 107—and how to do it
Author(s) -
Sullivan John B.,
NewmanLimata Nancy
Publication year - 1993
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970040406
Subject(s) - balance sheet , asset (computer security) , business , balance (ability) , value (mathematics) , accounting , turnover , actuarial science , economics , psychology , management , computer science , computer security , neuroscience , machine learning
There are some advantages to making voluntary disclosures of asset fair values. But if you do that, you must create a fair value balance sheet under FAS 107. The authors show how to do it.