AASB 13 Fair Value Measurement Allows the Use of Which

question 12

Multiple Choice

AASB 13 Fair Value Measurement allows the use of which of the following as a practical expedient when measuring the fair value of financial instruments where there are both bid and ask prices?

• A)The bid price
• B)The ask price
• C)The bid-ask spread
• D)The mid-market price

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Definitions:

Correlational Studies

Research methods that examine the relationship between two or more variables to determine if a change in one variable is associated with a change in another.

Corpus Callosum

A large band of neural fibers connecting the two hemispheres of the brain, facilitating interhemispheric communication.

Hemispheres

The two halves of the brain, each responsible for different functions, with the left hemisphere typically managing logical tasks and the right hemisphere handling creative tasks.

Behaviors

Actions or reactions of an individual, often in response to the environment, that can be observed and measured.