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 is called:

The correct answer is B. fair value. See the full explanation below for the reasoning.

Question

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 is called:

Options

Aface value
Bfair value
Cmarket value
Dtransaction value

How the community answered

(34 responses)

A
9% (3)
B
82% (28)
C
3% (1)
D
6% (2)

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