What is a mixed attribute measurement model? Why is it used in accounting?
Define a mixed attribute measurement model and explain the reason of using it.
Mixed attribute measurement model:
It is a measurement basis to measure the value of assets and liabilities under “US GAAP (Generally Accepted Accounting Principles)” and “IFRS (International Financial Reporting Standards)”.
Under mixed attribute measurement model, different types of assets and liabilities are valued at different measu...
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