Question 30 0.5 pts Which of the following assumptions is NOT relevant when measuring the fair value of an asset? Price achievable for an asset on the measurement date Price achievable for an asset that is sold in an orderly transaction Price achievable for an asset in the least advantageous market Price achievable for an asset in a transaction occurred between market participants Previous Choose the best answer for the following question. In order to perform a fair value measurement of an asset, an entity needs to identify the principal market the most advantageous market the market in which the entity normally sells similar assets the market that provides the highest price Question 28 0.5 pts Which of the following is NOT a step in determining the fair value of a liability? Determine the valuation premise that is appropriate for the measurement. Determine the valuation technique(s) appropriate for the measurement. Determine the particular liability that is the subject of the measurement Determine the principal (or most advantageous) market for the liability