which statements is incorrect regarding for value measurements? a. fair value is normally the amount that an entity would receive or pay in a forced transaction, involuntary liquidation, or distress sale. b. underlying the concept of fair value measurements is a presumption that the entity is a going concern. c. the measurement of fair value may be relatively sample for assets that are bought and sold in active and open markets. d. the estimation of fair value may be achieved through the use of valuation model or through the assistance of an expert, such as an independent appraiser.
which statements is incorrect regarding for value measurements? a. fair value is normally the amount that an entity would receive or pay in a forced transaction, involuntary liquidation, or distress sale. b. underlying the concept of fair value measurements is a presumption that the entity is a going concern. c. the measurement of fair value may be relatively sample for assets that are bought and sold in active and open markets. d. the estimation of fair value may be achieved through the use of valuation model or through the assistance of an expert, such as an independent appraiser.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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14
which statements is incorrect regarding for value measurements?
a. fair value is normally the amount that an entity would receive or pay in a forced transaction, involuntary liquidation, or distress sale.
b. underlying the concept of fair value measurements is a presumption that the entity is a going concern.
c. the measurement of fair value may be relatively sample for assets that are bought and sold in active and open markets.
d. the estimation of fair value may be achieved through the use of valuation model or through the assistance of an expert, such as an independent appraiser.
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