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Go to the FASB Website http://www.fasb.org/st/summary/stsum157.shtml to review Summary of Statement 157, Fair Value Measurements. Next, analyze the changes that Statement 157 makes to fair value measurement. Based on your analysis, take a position on whether you agree or disagree with the FASB's position on the fundamental ways Statement 157 changes improve financial reporting. Provide support for your position.

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