Does US GAAP use fair value? US GAAP has ASC 820 Fair Value Measurement. Does GAAP use historical cost or fair value? Under generally accepted accounting principles (GAAP) in the United States, the historical cost principle accounts for the assets on a company’s balance sheet based on the amount of capital spent to buy them. … Continue reading Does US GAAP use fair value?
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed