Harris, Peter; Kutasovic, Paul R. - In: Global Journal of Business Research 5 (2011) 2, pp. 97-104
illiquid markets and for assets that lack marketability. Many analysts argue that it was issuance of FASB 157 (ASC 820) and the … the economy. The move by FASB to present all financial assets at fair market value is appropriate as this improves the … price requirement under FASB 157 is too strict and results in an overly conservative financial presentation. The use of exit …