Question
1. If no principal market exists, in what market is a transaction assumed to occur? 2. The fair value measurement for an asset is based
1. If no principal market exists, in what market is a transaction assumed to occur?
2. The fair value measurement for an asset is based on the highest and best use by market participants. What does this term mean?
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Peter Walton, Walter Aerts
4th Edition
1473729521, 9781473729520
