Which of the following is not part of the definition of fair value under AAASB 13?
A. Price received to sell an asset
B. Price paid to sell a liability
C. Knowledgeable and willing parties
D. At measurement date
Answer:C
Which of the following is not part of the definition of fair value under AAASB 13?
A. Price received to sell an asset B. Price paid to sell a liability C. Knowledgeable and willing parties D. At measurement date