Question

is the amount for which an asset could
be exchanged, or a liability settled between
knowledgeable, willing parties in an arm's length
transaction.
OPTIONS
a.
Net Realisable Value
b.
Fair Value
Standard Value
d.
Market Value​

Answer 1

Answer:

a is your answer........... ..

Answer 2

Answer:

b) fair value

Explanation:

because assets are exchanged between parties to settled off liabilities which was values only on the balance sheet which was fair value