This chapter defines fair value and describes a framework for measuring fair value, and details required disclosures. If a reporting entity measures an investment's fair value using the net asset value per share (or an equivalent) practical expedient, the Codification provides those reporting ...
or as the FASB refers to it, a “broad transaction” that is defined by a single standard, ASC 820. This standard defines fair value and provides a framework for measuring fair value. There are lots of nuances in this framework, many of which are addressed ...
ASC 820 defines fair value, describes a framework for measuring fair value, and details required disclosures. It provides: a unified definition of fair value; related guidance on measurement; and enhanced disclosure requirements to inform financial statement users about the fair value measurements ...
According to ASC Topic 820, the fair value of an asset should be based upon A. The price that the item is appraised at balance sheet date. B. The price that would be paid to replace the asset. C. The price that would be received to sell the asset. D. The price that would be pa...
FASB ASC 820 includes: The definition of “fair value” as “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.” A fair value hierarchy used to classify the source of information use...
ASC 820 provides: a unified definition of fair value, related guidance on measurement, and enhanced disclosure requirements to inform financial statement users about: the fair value measurements included in financial statements, the methods and assumptions used to estimate them, and the degree of obser...
ASC 820 — Fair Value Measurement ASC 825 — Financial Instruments ASC 830 — Foreign Currency Matters ASC 832 — Government Assistance ASC 835 — Interest ASC 840 — Leases ASC 842 — Leases(New) ASC 845 — Nonmonetary Transactions ASC 850 — Related Party Disclosures ...
ASC Topic 820 requires that the fair value of an asset be based upon the price that would be received to sell the asset, which is an exit price.D is incorrect. ASC Topic 820 requires that the fair value of an asset be based upon the price that would be received to sell the asset,...
了解一下FASB ASC 《FASB会计准则汇编》（Financial Accounting Standards Board Accounting Standards Codification）按专题（Topic）分类如下所示：ASC Topic 105 Generally Accepted Accounting Principles ASC专题105“一般公认会计原则”ASC Topic 205 Presentation of Financial Statements ASC专题205“财务报表列报”ASC ...
ASC Topic 820 Fair Value Measurement ASC专题820“公允价值计量” ASC Topic 825 Financial Instruments ASC专题825“金融工具” ASC Topic 830 Foreign Currency Matters ASC专题830“外币事宜” ASC Topic 832 Government Assistance ASC专题832“政府援助” ...