Compare and Contrast the Experience of Saraceno's in Orbit and Christo

question 24

Essay

Compare and contrast the experience of Saraceno's in orbit and Christo and Jeanne-Claude's The Gates. Then indicate your responses to these works and the reasons you respond in these ways.

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Definitions:

GAAP

A set of widely adhered to accounting norms and standards that guide financial reporting, known as Generally Accepted Accounting Principles.

Fair Value

An estimate of the market value of an asset or liability based on current market prices or valuations.

Trading Securities

Financial assets that a company holds primarily for the purpose of selling them in the short term to profit from market price changes.

Unrealized Gains

Increases in the value of assets that have not yet been sold and therefore not turned into cash.