If the Fair Value Option Is Not Elected,the Company Must

question 103

True/False

If the fair value option is not elected,the company must still disclose the fair value of its all of its notes receivable.

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Definitions:

Pooled Standard Deviation

A method used to estimate a common standard deviation for two or more groups by combining their variability estimates into a single, pooled measure.

Sample Means

The average values calculated from a sample of data, used to estimate the mean of the entire population.

Defective

Pertains to items or products that fail to meet the required standards or specifications.

Nondefective

Referring to items or products that meet the required quality standards and are free of defects.