which one of the following markets is the most advantageous market identified for measuring the fair value of a liability? A. A market in which maximized amount is received from the corresponding asset of the liability. B. A market in which minimized amount is paid to transfer the liability. C. A market in which maximized amount is received from the liability. D. A market with the greatest volume and level of activity for trading the liability.

The fair value in a most advantageous market is:Question 7Select one:a.Price (with no deductions)b.Price less transaction costsc.Price less transaction and transport costsd.Price less transport costs

Which of the following category of financial liabilities is measured at fair value to profit or loss?Answer :Financial liability held for trading  Hybrid financial liability   Non-derivative financial liability  None of the above

Which of the following statements is NOT true about market participants under AASB 13: Fair Value Measurement?Group of answer choicesThey are knowledgeable and have a reasonable understanding of the asset or liability and the transaction using all the available information.An entity need identify specific market participants when estimating fair value for an asset or liability.They are independent of each other.They are able and willing to enter into a transaction for the asset or liability.

Classifiy the following as either market value equivalent or other valuation methods>>>Fair value

The IASB's fair value measurement establishes a fair value hierarchy in which the highest attainable level of input must be used to establish the fair value of an asset or liability. The highest level is: The IASB's fair value measurement establishes a fair value hierarchy in which the highest attainable level of input must be used to establish the fair value of an asset or liability. The highest level is: Directly observable inputs of similar assets or liabilities. Mark to model situations where risk-adjusted valuation models are used. The exit price at the accounting date and on the basis of orderly sales. Unadjusted quoted prices in active markets for identical assets and liabilities.