Which of the Following Steps in Not Relevant When Valuing

question 22

Multiple Choice

Which of the following steps in not relevant when valuing liabilities?

• A)the particular liability that is the subject of the measurement
• B)the valuation premise that is appropriate for the measurement
• C)the principal (or most advantageous)market for the liability
• D)the valuation technique(s)appropriate for the measurement,considering the availability of data with which to develop inputs that represent the assumptions that market participants would use when pricing the asset or liability and the level of the fair value hierarchy within which the inputs are categorised.

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Definitions:

Good Faith

Acting with honesty, fairness, and sincerity in transactions and legal matters without intent to defraud or seek unfair advantage.

Honesty in Fact

A standard of conduct that denotes a sincere, honest intention or belief, without any intent to deceive.

Performing Duties

The act of carrying out responsibilities or tasks that are part of one's job or role.

Partial Deliveries

In commercial transactions, the act of delivering a portion of goods distinct from the total quantity stipulated in a contract, often subject to agreement by the involved parties.