The Challege of Liquidation Basis of Accounting

A liquidation may present several obstacles to be navigated by the organization, one such obstacle being the accounting. The proper application of Liquidation Basis of Accounting (LBOA) within financial statements can be quite challenging. The goal behind LBOA is to report the amount that an investor may expect to receive after the completion of the liquidation process. The key objective for management is to communicate to the individual investor what the overall impact of liquidation will be.

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