The price of an asset on which the asset is selling at on the open market in a transaction between a willing buyer and a wiling seller is called:
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A. B. C. D.B
The price of an asset on which the asset is selling at on the open market in a transaction between a willing buyer and a willing seller is known as the fair value.
Fair value is 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. It is a