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    Company Accounting Study Set 1
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    Exam 5: Fair Value Measurement
  5. Question
    Fair Value Under AASB 13 Fair Value Measurement Is Defined
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Fair Value Under AASB 13 Fair Value Measurement Is Defined

Question 1

Question 1

True/False

Fair value under AASB 13 Fair Value Measurement is defined as "the amount for which an asset could be exchanged,or a liability settled,between knowledgeable,willing parties in an arm's length transaction."

Correct Answer:

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