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Hey prof. was wondering about the opposite situation...if the oil price went up..I gues there should not be any gains due to conservatism ...right?
As per my understanding of US GAAP there should not be any gains until it is realised.
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Hey prof. was wondering about the opposite situation...if the oil price went up..I gues there should not be any gains due to conservatism ...right?
As per my understanding of US GAAP there should not be any gains until it is realised.