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:

Management Fees

Charges levied by an investment manager for managing an investment fund's holdings.

Closed-end Funds

Investment funds with a fixed number of shares, traded on stock exchanges, potentially at prices above or below their net asset values.

Open-end Funds

Mutual funds that continuously issue new shares to investors and buy back shares when investors wish to sell, with prices determined by the net asset value.

Equity Funds

Mutual funds or other types of investment funds that invest primarily in stocks, seeking to provide returns through equity ownership.