Asked by Flaviano Maurice on May 23, 2024
Verified
If the fair value option is not elected,the company must still disclose the fair value of its all of its notes receivable.
Fair Value Option
An accounting choice to measure certain financial assets and liabilities at fair market values.
- Become familiar with the influence of disposing of receivables and employing the fair value method on financial documentation.
Verified Answer
JC
Jordan CobbsMay 26, 2024
Final Answer :
False
Explanation :
Disclosure of fair value is made only for long-term notes receivable.
Learning Objectives
- Become familiar with the influence of disposing of receivables and employing the fair value method on financial documentation.
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