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:

3-pentanamine

An organic compound, specifically an amine with the formula C5H11NH2, featuring an amino group attached to the 3rd carbon of a pentane chain.

Structure

The arrangement of atoms within a molecule, defining its chemical properties and behavior.

Morphine

A potent opiate analgesic drug derived from the opium poppy used to relieve severe pain.

Amine Class

A class of organic compounds characterized by the presence of a nitrogen atom connected to one or more alkyl or aromatic groups.