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IFRS 13 Fair Value Measurement
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- IFRS 13 Fair Value Measurement 0%
Question 1 of 7
Which of the following defines the term ‘fair value’? (Appendix A)Correct
Question 2 of 7
Which of the following are not the exceptions for application of IFRS 13?Correct
Question 3 of 7
On the day of fair value measurement, an entity must do which of the following?Correct
Question 4 of 7
When performing fair value measurement, an entity needs to identify specific market participants.Correct
Question 5 of 7
Valuation techniques used to measure fair value shall…Correct
Question 6 of 7
In X’s accounting books the value of financial assets is $400 while their market value is $450. X wants to measure its financial assets at fair value. Which of the following adjustment does X need to book in order to correctly present its financial assets at fair value?Correct
Question 7 of 7
A significant decrease in the volume or level of market activity for the asset or liability in relation to normal market activity for the asset or liability (or similar assets or liabilities) indicates that transactions in that market are not orderly.Correct