ARGUMENT IN ACCOUNTING Definition

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ARGUMENT IN ACCOUNTING usually revolves around the premise that characterizes fair values of assets as being more relevant but less reliable than their historical costs, with fair value being ultimately more informative only if its increased relevance outweighs its reduced reliability.

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ESCHEAT is the reversion of property to the state (government) in the absence of legal heirs or claimants.

IMF is International Monetary Fund.

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