A fair value measurement (of an asset or liability) that is required or permitted every period is referred to as which of the following?A nonrecurring fair value measurementA recurring fair value measurementAn initial fair value measurementA level 1 fair value measurement

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19-12-2022
Business

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A fair value measurement (of an asset or liability) that is required or permitted every period is referred to as which of the following?A nonrecurring fair value measurementA recurring fair value measurementAn initial fair value measurementA level 1 fair value measurement

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qwcricket qwcricket · Answer 1 · 2022-12-24T08:34:01+01:00

A fair value measurement (of an asset or liability) that is required or permitted every period is referred to as a recurring fair value measurement

A fair value measurement that must be done on a frequent basis, or is allowed to, is known as a recurring fair value measurement. Usually, these measurements must be taken or are allowed to be taken at the conclusion of each reporting period, such as each quarter or each year.

Recurring fair value measurements are employed to find the current market value of an asset or a liability. They are used in financial reporting to provide information about the value of assets and liabilities on a firm's balance sheet. The objective of these measurements is to provide a consistent and transparent way of measuring the value of an asset or liability over time, which can help investors and other stakeholders better understand the financial position of a company.