Which of the Following Is the Definition of Exit Price

question 12

Multiple Choice

Which of the following is the definition of exit price per AASB 13?

• A) A transaction that assumes exposure to the market for a period before the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities; it is not a forced transaction (eg a forced liquidation or distress sale).
• B) The amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm's length transaction
• 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 received to sell an asset or paid to transfer a liability.

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Definitions:

Poor Affective Forecasting

The tendency of individuals to mispredict their future feelings in response to events or outcomes.

Many Options

The availability of a wide range of choices or alternatives.

Special Topping Combinations

Unique or uncommon assortments of toppings, particularly in the context of food such as pizza or ice cream.

Customers

individuals or entities that purchase goods or services from a business or seller.