The following quote is taken from phillip d parker, Ask an Expert

Management Studies

The following quote is taken from Phillip D. Parker (Associate General Counsel of the SEC), "Market Value Accounting-An Idea Whose Time Has Come?" in Elliot P. Williams (ed.), Managing Asset/ Liability Portfolios (Charlottesville, VA: Association for Investment Management and Research, 1991), published prior to the passage of FASB 115:

The use of market value accounting would eliminate any incentive to sell or retain investment securities for reasons of accounting treatment rather than business utility.

Explain why this statement is correct. (Note that in historical accounting a loss is recognized only when a security is sold.)

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92595622

Have any Question?Write your Review or question?

Related Questions in Business Management

Dinesh manages a division of a sporting goods manufacturer

Dinesh manages a division of a sporting goods manufacturer. He attends a conference and receives advice from four experienced managers. Based on what you have read, which of the following pieces of advice should Dinesh t ...

A consumer consumes two goods x1 and x2 to figure how the

A consumer consumes two goods, X1 and X2. to figure how the quantity demanded of the good X1 changes after the price of the good X2 rises, the relationship between two goods must be found beforehand. what kind of relatio ...

Do you believe there are any reasons a company would not

Do you believe there are any reasons a company would not want or need to engage in social media marketing in today's world?

What are some global conditions that would impact human

What are some global conditions that would impact human resource management practices with an organization.

What is the american association of airport executives what

What is the American Association of Airport Executives? What are the requirements for membership for those currently employed in airport management? You may wish to view the following web site: www.AAAE.org/ by clicking ...

Ricardo the ceo of sunflower organics hires a consultant

Ricardo, the CEO of Sunflower Organics, hires a consultant, Saadia, to analyze his production process. Ricardo has been using the same production process for the nearly twenty years he's been in business. His employees a ...

Last years budget for the legislative branch of a certain

Last years budget for the legislative branch of a certain government was 4938 million, and this year was 5320 million. Consider last year budget of 4938 million to be the reference value. 1. What will the absolute change ...

Create two numerology programs that computes the numeric

Create two numerology programs that computes the numeric value of a name, such as your own full name, by assigning a value for each letter and adding up all the letters. Assume that 'a'=1, 'b'=2, 'c'=3,...'z'=26, spaces ...

Suppose that asteroid impacts on the earth are modelled

Suppose that asteroid impacts on the earth are modelled with a Poisson distribution. Asteroids of diameter 4m are estimated to enter the Earth's atmosphere once per year. Asteroids of diameter 1km are estimated to impact ...

Java program that prompts the user to enter the base and

Java program that prompts the user to enter the base and slant height for a regular pyramid shape, then calculates and outputs its volume and surface area. A and B are requirements A It is required to use JOptionPane's I ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert