FASB Issues Fair Value Disclosure Exception for Non-Public Entities

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Nonpublic entities that have total assets of $100 million or more, or that have one or more derivative instruments, no longer have to apply guidance about the fair value hierarchy levels for fair value measurements that are disclosed—but not measured at fair value in the statement of financial position—according to an accounting standards update issued Feb. 7 by the Financial Accounting Standards Board.

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