Accountıng Iı Deneme Sınavı Sorusu #1044235

_____ is defined as 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.

Which option completes the sentence above? 


Prepaid expense

Fair value

Unearned revenue

Discount on bond

Premium on bond 


Yanıt Açıklaması:

Fair Value is defined as 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. The correct answer is B. 

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