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- True (t) or False (f) ______ The book value of a plant asset is always equal to its fair marketvalue.36. Subsequent to their initial recognition, which financial assets with quoted market prices in an active market are measured at fair value? Financial assets Financial Assets with at amortized cost a. b. C. d. Yes Yes No No fair values through profit or loss No Yes Yes No18. An SME measures biological assets at fair value less costs to sell only when fair value is readily determinable without undue cost or effort. True or False
- A "fairly-priced" asset lies A. on the security-market line. B. above the capital-market line. C. above the security-market line. D. on the capital-market line. E. below the security-market line.Which of the following statements about fair value is true? Fair value accounting is also known as "mark-to-market" accounting. O Level 3 inputs are observable market prices for similar assets in active markets. O Fair value is a measure of market-based entry value. O Level 1 inputs should be used to determine fair value only when Level 2 and Level 3 inputs are not available.[S1] Valuation will lead to a universal value for an asset. [S2] Valuation when donecorrectly, will result to a value that will remain true in future periods. a. Only S1 is true. b.Only S2 is true. c.Both S1 and S2 are true. d.Both S1 and S2 are false.
- 14.The loss of available-for-sale investment credit (AFS) cannot exceed the amount by which the fair value is less than the amortized cost. Select one: True False[S1] An investor should buy an asset when it is undervalued and sell the asset when it is overvalued. [S2] An investor should hold onto an investment when it is expected to appreciate in value.a. Only S1 is true.b. Only S2 is true.c. Both are true.d. Both are false.On the balance sheet date, the book value (or carrying value) of an asset should always equal the asset's fair value. Select one: True False
- Why's Right value equal to (76-70.5)/(9+1), why it Ex-Rights price equal to rights on price minus right value and what's the meaning of Right value & ex-Rights price, Please deeply explain, Thank you in advance.The fair value is the value of an asset as it appears on the balance sheet. True False4. Statement 1: In the sale of a financial asset measured at fair value through OCI, the difference between the selling price and the carrying amount is recorded as a gain or loss on sale of investment. Statement 2: When the fair value of a financial asset measured at fair value through OCI is higher than its carrying amount, an unrealized loss-OCI is debited. a. Only statement 1 is true b. Only statement 2 is true c. Both statements are true d. Both statements are false
