Contributions made shall be measured at the fair values of the assets given or, if made in the form of a settlement or cancellation of a donee’s liabilities, at the fair value of the liabilities cancelled. If you received 10 types of canned beans from two different brands, it’s acceptable to pick one brand and...Read More

Contributions made shall be measured at the fair values of the assets given or, if made in the form of a settlement or cancellation of a donee’s liabilities, at the fair value of the liabilities cancelled. If you received 10 types of canned beans from two different brands, it’s acceptable to pick one brand and...Read More

Contributions made shall be measured at the fair values of the assets given or, if made in the form of a settlement or cancellation of a donee’s liabilities, at the fair value of the liabilities cancelled. If you received 10 types of canned beans from two different brands, it’s acceptable to pick one brand and...Read More

Stating at the top of the report that «all figures are in millions of dollars» should take care of it. Both approaches are allowed under standard accounting rules. What matters is that readers look at the figures and understand the amounts. One of the primary benefits of using “MM” in international reporting is its ability...Read More