Across
- 4. In what month of 2023 did FASB adopt the amendments to ASU 2023-08 Intangible–Goodwill and other–Crypto Assets
- 6. Companies must apply a ______-______ adjustment to the opening balance of RE at the start of the annual reporting period they adopt the standard
- 8. Which organization believes that fair and transparent reporting is essential for investor protection.
Down
- 1. The way that many stakeholders argued that crypto should be valued at fair value is similar to the debate that we had were many people believed that ______ securities should be held at fair value
- 2. In December of 2021 this topic was added to the _______ Agenda. This means that FASB was beginning its investigation into the issue and would be gathering information on the topic.
- 3. Now companies must recognize both increases and ________ in value of crypto assets
- 5. Which organization believes the proposal simplifies accounting compared to the previous cost-less-impairment model, which often resulted in disconnected financial reporting from market realities.
- 7. Companies now must report crypto assets at this value instead of Historical Cost