SOFE Exam AFE Topic 2 Question 90 Discussion

Actual exam question for SOFE's AFE exam

Question #: 90
Topic #: 2

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

AFeasible financial price

BAsset/Liability price

CPrincipal price

DExchange price

Show Suggested Answer

Suggested Answer: D

by Wade at Oct 24, 2024, 04:11 AM

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Marica

2 days ago

If this is an accounting exam, the correct answer is probably 'All of the above' - that's how they get you, right?

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Reed

6 days ago

I'm going with C. Principal price. Sounds like the price in the main market where the transaction would occur.

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Huey

8 days ago

B. Asset/Liability price. The question is specifically about the price of the asset or liability, so that's the best answer.

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Izetta

11 days ago

D. Exchange price seems more accurate to me. The question is about the transaction in the market, so the exchange price is the relevant one.

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Charlette

16 days ago

I agree with Dulce, because it represents the price in a transaction between willing parties.

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Dulce

17 days ago

I think the answer is D) Exchange price.

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Lynelle

20 days ago

I think the answer is C. Principal price. It's the price in the principal market, right?

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