The Expenditure Approach Values ________ and the Income Approach Values

question 105

Multiple Choice

The expenditure approach values ________ and the income approach values ________.

• A)goods and services at market prices;services at factor prices
• B)goods and services at market prices;goods and services at factor prices
• C)only goods at market prices;only services at factor prices
• D)services only at factor prices;goods only at market prices
• E)goods and services at factor prices;goods and services at market prices

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Definitions:

FVTPL

Fair Value Through Profit or Loss, a classification under International Financial Reporting Standards for financial assets held for trading or designated upon initial recognition as measured at fair value, with changes in fair value recognized in profit or loss.

FVTOCI

stands for Fair Value Through Other Comprehensive Income, a classification under IFRS for financial assets that are measured at fair value with fluctuations recorded in other comprehensive income.

Share Price

The price at which a single share of a company's stock is bought or sold in the market.

ASPE

Accounting Standards for Private Enterprises, a set of accounting practices and principles for private companies in Canada.