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- IFRS 13 – Fair Value Measurement 0%
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Question 1 of 10
1. Question
In which cases an entity may change its valuation technique for fair value measurement?
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Question 2 of 10
2. Question
Valuation techniques used to measure fair value shall…
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Question 3 of 10
3. Question
The discount rate adjustment technique uses a single set of contractual, promised or most likely cash flows from the range of possible estimated amounts.
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Question 4 of 10
4. Question
Which of the following is an example of market, in which inputs for some assets and liabilities might be observable?
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Question 5 of 10
5. Question
The use of bid prices for asset positions and ask prices for liability positions is …
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Question 6 of 10
6. Question
If an asset or a liability measured at fair value has a bid price and an ask price, the price within the bid-ask spread that is most representative of fair value in the circumstances shall be used to measure fair value regardless of where the input is categorised within the fair value hierarchy.
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Question 7 of 10
7. Question
What is the purpose for establishing a fair value hierarchy in IFRS 13?
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Question 8 of 10
8. Question
IFRS 13 defines Level 2 inputs as:
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Question 9 of 10
9. Question
Under which circumstances an entity is allowed to adjust Level 1 inputs?
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Question 10 of 10
10. Question
If an entity holds a position in a single asset or liability and the asset or liability is traded in an active market, the fair value of the asset or liability shall be measured within __________ as the product of the quoted price for the individual asset or liability and the quantity held by the entity.
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