Mark-to-Market Debate: FASB Changes
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If there is no market present don't you think is for some reason???
Imagine I sell a regular refrigerator for $100,000 I wouldn't have market either, but I will be able to say I own a $100,000 asset because in 2012 inflation is going to go so high that I will be able to sell it at $100,000.
This is the most stupid move ever, even if they can sell it in the future it will be devalued. This is pure BS, a desesperate move and assurance of their insolvency.
ficote72 2 years ago