Company Accounting Study Set 1
Quiz 5: Fair Value Measurement
When Valuing a Liability and a Corresponding Asset Is Not
When valuing a liability and a corresponding asset is not held by another entity,the fair value is typically determined by applying a present value technique.
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The fair value of an equity instrument is based on determining an entry price which may relate to the price paid for an entity to repurchase its shares.
AASB 13 Fair Value Measurement does not apply to the measurement of equity instruments.
AASB 13 Fair Value Measurement states that the price within a bid-ask spread that is most representative of fair value should be used to measure fair value.
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