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Special financial statement disclosures are required so that investors and analysts can understand all of the following except:

Special financial statement disclosures are required so that investors
and analysts can understand all of the following except:

-management’s rationale for electing the fair value accounting option.

  • the difference between fair values and contractual cash flows for certain items.
  • the impact of changes in fair values on earnings for the period.
  • management’s rationale for not electing the fair value accounting option
 
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