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SOFE Exam AFE Topic 1 Question 78 Discussion

Actual exam question for SOFE's AFE exam
Question #: 78
Topic #: 1
[All AFE Questions]

is the price in a hypothetical transaction at the measurement date in the market in which the reporting entity would transact for the asset or liability

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Suggested Answer: D

by Katie at Jun 25, 2024, 12:56 AM

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Daisy
8 months ago
C) Principal price. The principal is always right, am I right? *wink wink*
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Kanisha
8 months ago
A) Feasible financial price. Seriously, who comes up with these answer choices? I'm feeling lucky today!
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Dannie
8 months ago
B) Asset/Liability price. Hmm, I think that's the most accurate description of the question.
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Carmen
8 months ago
B) Asset/Liability price. I agree, it makes sense in this context.
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Marge
8 months ago
A) Feasible financial price
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Yoko
8 months ago
I believe it's D) Exchange price because it represents the price in the market where the transaction would occur.
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My
9 months ago
D) Exchange price. Wait, is this a trick question? I'm pretty sure that's the right answer.
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Ramonita
8 months ago
D) Exchange price. Wait, is this a trick question? I'm pretty sure that's the right answer.
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Dortha
8 months ago
D) Exchange price
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Charlette
8 months ago
C) Principal price
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Tuyet
8 months ago
B) Asset/Liability price
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Carlton
8 months ago
A) Feasible financial price
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Thomasena
9 months ago
C) Principal price. Duh, everyone knows that's the correct answer!
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Justine
8 months ago
C) Principal price. Duh, everyone knows that's the correct answer!
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Lettie
8 months ago
D) Exchange price
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Georgene
8 months ago
C) Principal price
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Paola
8 months ago
B) Asset/Liability price
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Julian
8 months ago
A) Feasible financial price
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Sharan
9 months ago
I'm not sure, but I think it could also be A) Feasible financial price.
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Lai
9 months ago
I agree with Heike, the exchange price makes sense in this context.
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Heike
9 months ago
I think the answer is D) Exchange price.
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