- CFA Exams
- CFA Exam: Level I 2021
- Study Session 6. Financial Reporting and Analysis (1)
- Reading 20. Financial Reporting Standards
- Subject 3. The International Financial Reporting Standards Framework
CFA Practice Question
______ is the amount of cash or cash equivalents that would have to be paid to buy the same or an equivalent asset today.
B. Settlement value
C. Present value
D. Fair value
A. Current cost
B. Settlement value
C. Present value
D. Fair value
Correct Answer: A
User Contributed Comments 12
| User | Comment |
|---|---|
| Vikku | Would someone explain please? |
| chris12345 | no!! too easy to explain!!! |
| DonAnd | lol! |
| Gleeder | You two are probably accountants! |
| betojpp | Read again the definition |
| jayj001 | Difference between A and B? |
| johntan1979 | Read the notes and don't waste other people's time explaining. |
| FozzeyBear | wow johntan1979, real rude, maybe you shouldn't waste people's time writing your angry comments. It's people like you that give finance a bad name |
| jaweber95 | ^^^ |
| choas69 | iam too scared to ask.. |
| ashish100 | yea johntan needs to chill out |
| sshetty2 | lol, i mean in this case it does literally say this quite clearly in the notes, but yea, johntan must be a jaded economics professor or something lol |