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What is a fair value measurement under Ind AS 113?

  1. A The price to sell an asset or transfer a liability in an orderly transaction between market participants
  2. B Historical cost less depreciation
  3. C The insured value
  4. D The price paid at acquisition
Answer

The price to sell an asset or transfer a liability in an orderly transaction between market participants

The hierarchy prioritises quoted prices in active markets, then observable inputs, then unobservable inputs.

All CA MCQs

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