contract bond

[jwilson]

the bonding company we are working with, wants business financial statements presented in fair market value.My CPA informs me that they can only present financial position in terms of historical cost and not fair market value, however notes to the financial statements would be appropriate. My bonding agent says they receive financial statements in this format all the time. Can you enlighten me about what the insurance company is asking for?

[Surety Guy]

I believe your CPA would best be able to field this question. You can read about what accounting method sureties prefer financials to be in at the following link: http://www.jwsuretybonds.com/faq_bond_line.htm