Match the following statements with the right answer:

Ques 1- In themarketapproach:

Answer 1

Choose one of the following...

-The market that would maximise the amount received/paid after deducting transaction and transport costs

-one that would be paid to buy an asset or received to incur a liability.

-The greatest volume and level of activity for the asset or liability

-Fair value measurement is based on values indicated by current market expectations about those future amounts.

-The costs incurred to transport an asset from its current location to its principal market.

-Prices based on amounts required to replace the service capacity of an asset.

-one that would be received to sell an asset or paid to transfer a liability.

-prices generated by market transaction.

Ques 2: An exit price is:

Answer 2

Choose one of the following...

The market that would maximise the amount received/paid after deducting transaction and transport costs

one that would be paid to buy an asset or received to incur a liability.

The greatest volume and level of activity for the asset or liability

Fair value measurement is based on values indicated by current market expectations about those future amounts.

The costs incurred to transport an asset from its current location to its principal market.

Prices based on amounts required to replace the service capacity of an asset.

one that would be received to sell an asset or paid to transfer a liability.

prices generated by market transaction.

Ques 3: The most advantageous market could be defined as:

Answer 3

Choose one of the following...

-The market that would maximise the amount received/paid after deducting transaction and transport costs

-one that would be paid to buy an asset or received to incur a liability.

-The greatest volume and level of activity for the asset or liability

-Fair value measurement is based on values indicated by current market expectations about those future amounts.

-The costs incurred to transport an asset from its current location to its principal market.

-Prices based on amounts required to replace the service capacity of an asset.

-one that would be received to sell an asset or paid to transfer a liability.

-prices generated by market transaction.

Ques 4: In theIncome approach:

Answer 4

Choose one of the following...

-The market that would maximise the amount received/paid after deducting transaction and transport costs

-one that would be paid to buy an asset or received to incur a liability.

-The greatest volume and level of activity for the asset or liability

-Fair value measurement is based on values indicated by current market expectations about those future amounts.

-The costs incurred to transport an asset from its current location to its principal market.

-Prices based on amounts required to replace the service capacity of an asset.

-one that would be received to sell an asset or paid to transfer a liability.

-prices generated by market transaction.