... values and market values coincide for these assets and liabilities. Accmal accounting for financial activities can be viewed as either redundant orstraightforward (e.g., the accounting for interest ... Second, virtuatty att Valuation and Clean Surplus Accounting 705The next proposition provides the simple closed form solution show-ing how the date t accounting data and other information relate ... eamings is Valuation and Clean Surplus Accounting 731. Earnings, Book Values, and Dividends in Security Valuation. Contemporary Accounting Research 11 (Spring 1995), 661-687.Paton, W.A. and A.C....