Indicate why you agree or disagree with the following statements. a. “Under FASB 115 all assets…

Indicate why you agree or disagree with the following statements.

a. “Under FASB 115 all assets must be marked to market.”

b. “The greater the price volatility of assets classified in the held-to-maturity account, the greater the volatility of the accounting surplus and reported earnings.”

 

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