Thank you! "Investments Stated as Fair Value" - Until recently, governments were not permitted to recognize increases in the value of investments as...

One Paragraph please. Thank you!"Investments Stated as Fair Value" - Until recently, governments were not permitted to recognize increases in the value of investments as revenue. Respond to the following:•Prepare an argument in support of the current position that investments should be stated at fair value and the changes in fair value be recognized as either revenues or expenditures.

"Investments Stated as Fair Value" - Until recently, governments were not permitted to recognizeincreases in the value of investments as revenue. Respond to the following:•Prepare an...