what is the fair value?? long definition
Chapter1: Financial Statements And Business Decisions
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what is the fair value?? long definition
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Step 1 Introduction
The anticipated price at which an item is purchased or sold when both the buyer and the seller voluntarily agree on a price is referred to as the asset's fair value. When determining the true worth of an asset, individuals and organizations may look at factors such as the present market value, the asset's potential for growth, and the cost to replace it.
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