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- 2011-7-11
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- 2016-4-18
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i could potentially see a case where the CGV = LV, hence it might not ALWAYS be greater. it is taking into account continued operations, I don’t know what happens with the accounting when a firm enters bankruptcy and knows it will NOT emerge, is everything discontinued ops? There is such a thing of fresh start accounting for bankrupt companies (as the “CFAI says beyond the scope of this reading”) |
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