D devinluke New member Friday at 10:16 AM #1 I keep hearing the term fair market value in accounting and finance. What exactly does it mean, and how is it determined? Can someone share a simple explanation or example so I can clearly understand how fair market value works in real situations?
I keep hearing the term fair market value in accounting and finance. What exactly does it mean, and how is it determined? Can someone share a simple explanation or example so I can clearly understand how fair market value works in real situations?
Rick_Grimes Member Today at 7:22 AM #2 Fair market value is the price an asset would sell for in an open market when both buyer and seller are willing and not under pressure.
Fair market value is the price an asset would sell for in an open market when both buyer and seller are willing and not under pressure.
