At which date is fair value determined?
A) The measurement date.
B) The settlement date.
C) The transaction date.
D) The exchange date.

Name: At which date is fair value determined? A) The measurement date. B) The settlement date. C) The transaction date. D) The exchange date.
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Question

Quizplus · Accepted Answer

Fair value is determined at the measurement date, which is the date at which the fair value is estimated or reestimated. This may be different from the transaction date or settlement date.

At Which Date Is Fair Value Determined