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SOFE Exam AFE Topic 2 Question 80 Discussion

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

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Janna
8 months 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
8 months ago
I'm not sure, but I think it could also be A) Feasible financial price.
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Chauncey
8 months ago
I agree with Deeann, the exchange price makes sense because it reflects the market transaction.
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Albert
8 months 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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King
7 months ago
I see your point, but I still think A) Feasible financial price is the way to go.
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Cammy
7 months ago
I'm not so sure, I think D) Exchange price might be more accurate in this scenario.
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Sue
7 months ago
Yeah, I think so too. It just makes sense to go with that option.
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Olga
7 months ago
I agree, A) Feasible financial price seems like the most reasonable choice.
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Deeann
8 months ago
I think the answer is D) Exchange price.
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Tuyet
8 months 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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Angelo
6 months ago
D) Exchange price
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Vernice
6 months 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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Lovetta
6 months ago
A) Feasible financial price
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Gladys
6 months ago
B) Asset/Liability price
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Glenna
7 months ago
I know, right? These terms can get pretty confusing sometimes.
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Noel
7 months ago
D) Exchange price
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Augustine
7 months ago
A) Feasible financial price
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Helene
8 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
8 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
7 months ago
Yeah, I agree. It doesn't really make sense in this context.
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Precious
7 months ago
I think 'feasible financial price' sounds like a made-up answer too.
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Loreen
7 months ago
D) Exchange price
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Enola
8 months ago
C) Principal price
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Lemuel
8 months ago
B) Asset/Liability price
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Charlie
8 months ago
A) Feasible financial price
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