Name 2 of the 4 Guidelines for Filling Out Forms

question 1

Short Answer

Name 2 of the 4 guidelines for filling out forms.

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Definitions:

Fair Value

The price one would receive for offloading an asset or would pay to reassign a liability during a formal transaction with participants in the market at the time of valuation.

Consolidated Balance

Refers to the presentation of assets, liabilities, and equity in a single balance sheet that combines the financials of a parent company with its subsidiaries.