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- IFRS 13 – Fair Value Measurement 0%
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Question 1 of 10
1. Question
Which of the following defines the term ‘fair value’?
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Question 2 of 10
2. Question
Which statement is true regarding fair value?
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Question 3 of 10
3. Question
The definition of fair value focuses on __________ because they are a primary subject of accounting measurement.
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Question 4 of 10
4. Question
Which of the following are not the exceptions for application of IFRS 13?
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Question 5 of 10
5. Question
The disclosures imposed by IFRS 13 are not required for which of the following?
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Question 6 of 10
6. Question
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.
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Question 7 of 10
7. Question
On the day of fair value measurement, an entity must do which of the following?
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Question 8 of 10
8. Question
When performing fair value measurement, an entity needs to identify specific market participants.
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Question 9 of 10
9. Question
Which is true about fair value measurement of a non-financial asset?
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Question 10 of 10
10. Question
Which of the following is not a valuation technique?
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