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:

Neonates

Newborn infants, especially those under four weeks old.

Older Children

Older children refers to youths who are in the middle childhood phase, typically between the ages of 6 and 12, displaying advanced cognitive and physical development compared to younger children.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which increases or decreases the likelihood of a behavior being repeated.

Young Children

A phase of early childhood encompassing the ages from infancy through early elementary years, typically considered to be ages 2-6.