What is 'fair value',and why is it relevant to consolidation accounting?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 11Q: What is goodwill, and what are the unique aspects of accounting for it?
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What is 'fair value',and why is it relevant to consolidation accounting?

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