All of the Following Are Disadvantages of Fair Value Use

question 146

Multiple Choice

All of the following are disadvantages of fair value use except

• A)fair values may not be readily obtainable
• B)fair values may cause more fluctuations as change occurs from period to period
• C)comparability between companies may be impacted by different fair value measurement
• D)fair values only affect balance sheet accounts

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Definitions:

Medications

Substances used for medical treatment, especially pharmaceutical drugs.

Inattention

A lack of focus or difficulty concentrating on tasks at hand, which can be symptomatic of various mental or psychological disorders.

Impulsivity

The tendency to act on urges and desires spontaneously and without adequate thought to the consequences.

Hyperactivity

Excessive activity or movements that can be symptomatic of psychological conditions like ADHD.