Fair value of an asset is the amount at which the asset could be bought in a current transaction between willing parties.

Name: Fair value of an asset is the amount at which the asset could be bought in a current transaction between willing parties.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Fair Value of an Asset Is the Amount at Which