Proposed Broad Principles for Reporting on Assets Using Current Selling Prices

Current selling price reporting (CSPR), which reports assets at their current selling prices, has less support than any of the other proposed alternatives to acquisition costs as the basis of reporting on assets except for incorporating prospects, discussed in Chapter 16 (though it does have some support2). This doesn’t necessarily indicate its worth, considering, for example, that the current broad principles with their pervasive defects have the most support.