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A Shake-Up to Accounting Rules Is Coming to Crypto. It Will Impact Tesla and Others.

Por: MarketWatch Business October 14, 2022

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The FASB that companies should use fair-value accounting when they report digital assets like Bitcoin, providing clarity on an issue that has loomed over how businesses disclose their crypto holdings.  Accounting rules have so far done little to catch up with the fast-growing crypto space. Assets like Bitcoin aren’t covered under current accounting rules, so companies record them as “intangible assets” and are required to write down their... + full article



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