alleryStart learning →A holding of 10,000 shares is quoted at Rs 250 in an active market. Level 1 fair value?
ARs 25,00,000
BRs 22,50,000
CRs 20,00,000
DRs 27,50,000
Answer & Solution
Correct answer: A. Rs 25,00,000
Fair value is quoted price times quantity held, 250 x 10,000 = Rs 25,00,000, with no blockage discount allowed.
Keep practising Ind AS 113 Fair Value Measurement
Browse all Ind AS 113 Fair Value Measurement questions for CA Final, or explore more Financialreporting topics.
Related questions
An upward PPE revaluation under IAS 16 builds up in equity asUnder IAS 40, changes in fair value of investment property under the fair value model go tDoes IFRS 13 say when fair value should be used?IFRS 13 Fair Value Measurement became effective for periods beginning onFor recurring Level 3 items, a narrative must coverAn asset held for sale at fair value less costs to sell under Ind AS 105 is an example of Fair value measurements that other Ind ASs require in the balance sheet each period are caUnobservable inputs in Level 3 must reflect assumptions that market participants would use