What does valuation mean in accounting? What is a valuation method as it pertains to...
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Accounting
What does valuation mean in accounting? What is a valuation method as it pertains to an account? To what accounts do valuation apply? Identify and explain the two measurement principles per the FASB conceptual framework. Explore and come up with the correct valuation method for each of the following balance sheet line items. Moreover, why are these accounts reported on the balance sheet at these values? 1. Inventory 2. PPE 3. Intangible assets 4. Notes Payable, short-term 5. Bonds Payable, long-term 6. Notes Payable, long-term 7. Common Stock 8. Additional Paid-in Capital 9. Treasury Stock
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