Question: In the process of determining fair value, the exit price refers to a . the amount the firm would receive if it sold a given

In the process of determining fair value, the exit price refers to
a. the amount the firm would receive if it sold a given asset.
b. the amount the firm would pay if it bought an asset of the same type and condition as the
one being valued.
c. the sum of the future cash flows expected to be generated by use of the asset. d. the historical cost of the asset being valued.

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