Fair value is determined as: Select one: a. The current entry price. b. The current exit price. c. A future exit price. d. A future entry price.
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- Describe the accounting for the fair value option.According to the fair value principle, assets and liabilities should be reported Select answer from the options below 1.at their fair market value. 2.at their historical cost. 3.at a value agreed upon by interested parties. 4.at cost plus inflation.Under IFRS, how are investment properties subsequently measured? a) The cost model must be used. b) The cost or fair value models may be used. c) The cost or revaluation models may be used. d) The fair value model must be used.
- Explain how both the intrinsic value and the time value are measured for a forward contract to sell and for a put option.The contract value of a GIC is __________; the fair value of a GIC is __________. Select one: a. the present value of future cash flows; the future value of future cash flows b. its cost; the present value of future cash flows c. the future value of future cash flows; the present value of future cash flows d. its cost; the future value of future cash flowsWhich of the following investment appraisal techniques does not involve discounting? a. NPV b. Discounted payback period c. ARR d. IRR
- Based on the efficient markets hypothesis, the current price reflects to Select one:the discounted net present valuefuture interest paymentsNone of the answers are correctall available and relevant informationthe cost price.Discuss when and how to use the WACC as a discount rate for valuation.Give at least two reasons for choosing the net present value method and at least two reasons each for rejecting IRR and discounted payback period method
- Which best defines Market Value? Group of answer choices: Whatever the market will bear. Most probable selling price, assuming “normal” sale conditions What an investor is willing to pay for a property. The appraised value.AASB 13 defines exit price as: Select one: A. The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. B. The amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. C. The price that would be received to sell an asset or paid to transfer a liability. D. A transaction that assumes exposure to the market for a period before the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities; it is not a forced transaction (e.g., a forced liquidation or distress sale).State the decision rule used to accept or reject an investment proposal under each of these methods of analysis: (1) net-present-value method and (2) internal-rate-ofreturn method.
