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Training the Street Accounting- Final Exam || all accurately answered.
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---17May 20252024/2025A+
- two objectives of financial reporting correct answers relevant and reliable 
 
historical cost correct answers firm records the amount of the transaction 
 
fair value correct answers whatt the transaction is worth as of the balance sheet date, also known as "mark to market" 
 
Fair Value Hierarchy correct answers The fair value hierarchy provides insight into the priority of valuation techniques that are used to determine fair value. The fair value hierarchy is divided into three broad le...
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