SOFE
AFE · Question #160
The market in which the reporting entity would sell the asset or transfer the liability with the greatest volume and level of activity for the asset or liability is known as:
The correct answer is C. Principal market. See the full explanation below for the reasoning.
Question
The market in which the reporting entity would sell the asset or transfer the liability with the greatest volume and level of activity for the asset or liability is known as:
Options
- ATransfer market
- BTransport market
- CPrincipal market
- DTurn-around market
How the community answered
(31 responses)- A10% (3)
- B6% (2)
- C81% (25)
- D3% (1)
Community Discussion
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