SOFE Accredited Financial Examiner AFE Question # 38 Topic 4 Discussion

SOFE Accredited Financial Examiner AFE Question # 38 Topic 4 Discussion

AFE Exam Topic 4 Question 38 Discussion:
Question #: 38
Topic #: 4

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:


A.

face value


B.

fair value


C.

market value


D.

transaction value


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