COGNITIVE THEORIES OF KNOWLEDGE TOTAL FAIR VALUE IN EVALUATION
Author(s) -
Gudan Paulina,
Oprea Margareta
Publication year - 2011
Publication title -
annals of the oradea university fascicle of management and technological engineering
Language(s) - English
Resource type - Journals
eISSN - 1583-0713
pISSN - 1583-0691
DOI - 10.15660/auofmte.2011-2.2298
Subject(s) - cognition , value (mathematics) , psychology , cognitive psychology , computer science , mathematics , statistics , neuroscience
The foundation of fair value represents the entity following the business principle with out having any intention or any need of liquidating or eliminating the size of its operation or engaging in an operation that will never have a negative result. And so fair value is not the value which an entity would receive or pay in a forced transaction, involuntary liquidation or forced sale. Although, fair value represents the quality of credit instrument. The fair value is the value through which an asset can be proceeded or a debt can be erased, between interested and conscious parts when it comes to a transaction made in fairly conditions.
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