In Measuring an Equity Instrument at Fair Value the Objective

question 1

Multiple Choice

In measuring an equity instrument at fair value the objective is to estimate an exit price at measurement date from the perspective of:

• A) the issuer of the equity instrument;
• B) the party to whom the instrument will be transferred;
• C) the party who intends to repurchase the instrument;
• D) a market participant who holds the instrument as an asset.