Measuring Fair Value for Financial Reporting Purposes
RogerRossmeisl
APRIL 10, 2023
Generally Accepted Accounting Principles (GAAP), fair value is “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.” This definition is found in Accounting Standards Codification (ASC) Topic 820, Fair Value Measurement.
Let's personalize your content