Definition of Most advantageous market under IFRS 13 - Fair Value Measurement

Monday, December 16, 2013 - IFRS 13 defines Most advantageous market as follows:

It is the market that..
  • maximises the amount that would be received to sell the asset or 
  • minimises the amount that would be paid to transfer the liability, 
  • after taking into account transaction costs and transport costs
Read other Key Definitions under IFRS 13

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More about IFRS 13

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