IFRS 13 Defines Fair Value Measurement As

question 29

Multiple Choice

IFRS 13 defines fair value measurement as:

• A)the price that would be received to buy an asset or received to transfer a liability in an orderly transaction between market participants at the due date.
• B)the price that would be paid to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the due date.
• C)the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
• D)the price that would be estimated to sell an asset or to transfer a liability in an orderly transaction between market participants at the measurement date.

---

Definitions:

Privacy Leak

A situation where sensitive information is disclosed unintentionally or without authorization.

Accessor Method

In object-oriented programming, a method that is used to read data fields of an object without altering them.

Multidimensional Array

An array containing one or more arrays, allowing for the representation of data in a grid or matrix form.

One Index

Refers to data structures that start counting their elements at one instead of zero, common in certain programming languages or environments.