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Under ASPE, the guidance related to the measurement of fair value is O not spread throughout ASPE standards. O not inconsiste
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Answer #1

Answer is option no: 2

not inconsistent with IFRS although there is significantly less detail.

Notes.

ASPE is the Acronym of Accounting Standards for Private Enterprises.ASPE describes the accounting principles for SMEs (small and medium-sized enterprises) in Canada. ASPE standards cannot be used for the entities traded on a public stock exchange.

IFRS 13 well described about Fair Value Measurement but in ASPE simplified cost and fair value measurement categories are described than the categories version of IFRS.

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