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