In Order to Measure Fair Value Under IFRS13, an Entity

question 9

Multiple Choice

In order to measure fair value under IFRS13, an entity must determine

• A) the item being measured, and how the item could or would be used.
• B) the market the item would be (or is) bought and sold in.
• C) which fair value model is being used to value the item.
• D) all of the above

---

Definitions:

Government-insured Deposits

Financial safeguards provided by the government for bank deposits, ensuring the safety of individual's money in the event of bank failure.

Enthymeme

A rhetorical argument that is essentially a syllogism with one premise left unstated.

Popular Song

A song that becomes widely known, usually in the contemporary music genre, and gains popularity through commercial success or widespread recognition.

Tuning Forks

Musical instruments which vibrate at a specific pitch when struck, used for tuning musical instruments or for therapeutic purposes.