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- IFRS 13 – Fair Value Measurement 0%
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Question 1 of 4
Which of the following defines the term ‘fair value’?CorrectIncorrect
Question 2 of 4
The definition of fair value focuses on __________ because they are a primary subject of accounting measurement.CorrectIncorrect
Question 3 of 4
Which of the following are not the exceptions for application of IFRS 13?CorrectIncorrect
Question 4 of 4
In order to perform a fair value measurement, an entity needs to undertake an in-depth search of all possible markets to identify the principal market or, in the absence of a principal market, the most advantageous market.CorrectIncorrect