Exhibit 1-3 -In Exhibit 1-3,for Any Value of X,the

question 46

Multiple Choice

Exhibit 1-3
-In Exhibit 1-3,for any value of x,the

• A)value of y is larger on curve A than on curve B
• B)value of y is smaller on curve A than on curve B
• C)value of y is the same on curve A as on curve B
• D)slope of line A is increasing
• E)slope of line B is negative

Know the definition of the principal market and its significance in fair value measurement.

Understand the role of non-performance risk in fair value measurement of liabilities.

Distinguish between the common valuation measures used in accounting standards.

Identify the objectives and key reasons for issuing AASB 13.

---

Definitions:

Palliative Care

Specialized medical care focused on providing relief from the symptoms and stress of a serious illness, aiming to improve quality of life for both the patient and the family.

Advance Directive

Legal documents that allow individuals to specify their preferences for medical treatment in case they become unable to communicate their decisions in the future.

Theology

The systematic study of the nature of the divine, religious beliefs, and the practice of religious faith.

God

A supreme being worshipped in various religions, regarded as the creator and overseer of the universe.