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SOFE Exam AFE Topic 2 Question 80 Discussion

Actual exam question for SOFE's Accredited Financial Examiner exam
Question #: 80
Topic #: 2
[All Accredited Financial Examiner 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 Nada at Jul 08, 2024, 02:31 AM

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Janna
22 days ago
I believe it's D) Exchange price because it represents the actual market value of the asset or liability.
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Adria
23 days ago
I'm not sure, but I think it could also be A) Feasible financial price.
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Chauncey
24 days ago
I agree with Deeann, the exchange price makes sense because it reflects the market transaction.
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Albert
26 days ago
I'm going to have to go with A) Feasible financial price. I mean, who doesn't love a good 'feasible' price? It just sounds right, you know?
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Cammy
3 days ago
User 3: I'm not so sure, I think D) Exchange price might be more accurate in this scenario.
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Sue
4 days ago
User 2: Yeah, I think so too. It just makes sense to go with that option.
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Olga
10 days ago
User 1: I agree, A) Feasible financial price seems like the most reasonable choice.
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Deeann
30 days ago
I think the answer is D) Exchange price.
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Tuyet
30 days ago
Haha, yeah, 'feasible financial price'? Someone's been hanging out in the 'made-up accounting terms' section of the study guide a little too much.
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Augustine
2 days ago
A) Feasible financial price
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Helene
1 months ago
D) Exchange price makes the most sense to me. The question is specifically about the measurement date in the market, so the price at which the asset or liability would be exchanged seems like the most relevant option.
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Gabriele
1 months ago
Wait, did someone say 'feasible financial price'? I'm pretty sure that's not even a real thing. What kind of made-up answer is that?
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Jacquline
14 days ago
Yeah, I agree. It doesn't really make sense in this context.
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Precious
15 days ago
I think 'feasible financial price' sounds like a made-up answer too.
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Loreen
17 days ago
D) Exchange price
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Enola
18 days ago
C) Principal price
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Lemuel
22 days ago
B) Asset/Liability price
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Charlie
1 months ago
A) Feasible financial price
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