Which basis of valuation for shares of other entities,held as current assets,is required under AASB 139?

Question

Quizplus · Accepted Answer

AASB 139 requires that the basis of valuation for shares of other entities held as current assets should be fair value. This is because fair value represents the estimated price that would be received in an orderly transaction between market participants at the measurement date, and therefore provides a more accurate representation of the current value of the shares. The other options presented (A, B, and D) are not required by the standard, although they may be applicable in certain circumstances.

Which Basis of Valuation for Shares of Other Entities,held as Current