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In the H-R diagram shown in Figure 13-31b in the text, the brightest stars in the Pleiades cluster are not on the main sequence but away from it toward the upper right. Explain.
Fair Value Measurement
An accounting approach that provides an estimate of the price at which an asset could be exchanged or a liability settled, based on current market conditions.
Financial Instruments
Contracts that give rise to both a financial asset of one entity and a financial liability or equity instrument of another entity, such as stocks, bonds, or derivatives.
FASB
The Financial Accounting Standards Board, which is responsible for establishing and improving financial accounting and reporting standards in the United States.
IASB
The International Accounting Standards Board, an independent body that establishes and approves accounting standards.
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