What is made on an instrument-by-instrument basis, generally when an instrument is initially
recognized in the financial statements?
A
Fair quoted techniques used to measure fair value should maximize the use of observable inputs and
minimize the use of unobservable inputs.
B
What technique uses a risk-adjusted discount rate and contractual, promised, or most likely cash
flows?
D
To avoid double counting or omitting the effects of risks factors what should reflect assumptions that
are consistent with those inherent in the cash flows?
C
A change in _______ or its application is appropriate if the change results in a measurement that is
equally or more representative of fair value in the circumstances.
A
The amount that currently would be required to replace the service capacity of an asset is called:
D
What uses valuation techniques to convert future amounts to a single present amount?
C
Valuation technique should be used to measure fair value and is consistent with:
D
The risk that the obligation will not be fulfilled and affects the value at which the liability is
transferred is known as:
B
The highest and best use of the asset is ______________, if the asset would provide maximum value
to market participants principally on the standalone basis.
A