There is a movement in accounting policy toward fair or current values on the balance sheet.

Name: There is a movement in accounting policy toward fair or current values on the balance sheet.
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Question

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Fair or current values are becoming increasingly popular on balance sheets as they provide more relevant and accurate information about the value of an asset or liability. This movement is driven, in part, by the desire to improve transparency and accountability in financial reporting.

There Is a Movement in Accounting Policy Toward Fair or Current