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Simple English definitions for legal terms

fair-value accounting method

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A quick definition of fair-value accounting method:

The fair-value accounting method is a way of figuring out how much something is worth right now. It's like looking at the price of a toy in a store and saying that's how much it's worth. This method is used for accounting, which is a way of keeping track of money. There are other accounting methods too, like one that only counts money when it's actually received or paid out. But fair-value accounting is all about figuring out what something is worth right now.

A more thorough explanation:

The fair-value accounting method is a way of valuing assets based on their current market value. This method is used to determine the value of assets such as stocks, bonds, and real estate. It is different from other accounting methods that use historical cost or other methods to determine the value of assets.

For example, if a company owns a piece of real estate, the fair-value accounting method would determine the value of that property based on its current market value. This could be different from the price the company paid for the property or the value of the property on the company's balance sheet.

The fair-value accounting method is used to provide a more accurate picture of a company's financial position. It is often used by investors and analysts to evaluate a company's performance and potential for growth.

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14:22
yikes I actually feel bad for them- the wall of reality will hit like a train and cause much despair and confusion.
14:22
Dude I got my ass handed to me in undergrad admissions so I don’t take any of this law school stuff too seriously
JeremyFragrance
14:22
the best lesson high school basketball and football taught me was that other people are genuinely waaaay better at things than i am. made me comfortable failing
14:23
I feel like these mental breakdowns people have on Reddit aren’t really necessary in your mid-20s
babycat
14:24
have you guys ever seen that meme of the people on the subway and every one of them is thinking "look at these NPCs. none of them have a rich and unique inner life like I do"
14:24
It is crazy how much personal benefit u can garner by treating people well. most predominately in restaurants ime. I think ppl treat food-service ppl horrifically usually in general.
babycat
14:25
people are desperate for connection and kindness. why would you be mean when you can be nice and make someone's day marginally less unpleasant by doing so?
14:26
@JeremyFragrance: agreed. that is such an underrated takeaway from sports. getting humbled (sports, acedemic comps, fights, etc) really is someone everyone needs to experience imo.
babycat
14:27
yes but also I really believe in running your own race and doing the best you're capable of, even if it's not as much as what someone else can do
babycat
14:27
speaking of I need to finish this essay. bye friends
14:27
@babycat: yeah also true: connection. I deliberately will not read stuff like Ted kaczynski BC I think it would send me to a similar fate.
babycat
14:28
a guy said that to me about Houellebecq once
14:28
cya
14:30
@JeremyFragrance: unrelated, Jeremy has such a gift for explaining scents. He is a great presenter
I am having the worst cycle ever 😍😍
Hopefully it comes to an end 🙏
14:34
Rs?
Yuh
14:34
This early? surprising
babycat
14:36
acoustic what the hell did you write about
babycat
14:37
sorry that sounds mean, just kinda surprising that someone with your stats is having such a hard time. maybe look for some sort of consultant to review your materials
babycat
14:41
I'm going back to my white noise 10 hours playlist to grind out this essay
Got a name change now I’m exploding Effoc
Nah honestly it hasn’t been terrible I’m just impatient
Yall are right I be tweaking
babycat
14:45
oh okay you're good g
ExplodingEffoc
14:46
Love you baby
15:06
Back off
JumpySubsequentDolphin
15:11
fight fight fight
babycat
15:15
no fighting this is a website for being silly and having fun
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