Fair value is the same as market value.

Name: Fair value is the same as market value.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Fair value is 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. Market value is the price at which an asset or liability could be bought or sold in the market. Therefore, fair value is the same as market value.

Fair Value Is the Same as Market Value