In a big town and an
active market we should have brought a good price; but this place was utterly stagnant and so we sold at a figure which makes me ashamed, every time I think of it.
Meanwhile, in the absence of an
active market for an asset or liability, unobservable inputs reflect the reporting entity's own assumptions.
The most
active market segment was Brooklyn walk-up apartment buildings, with over 600 sales.
However, because many assets and liabilities do not have an
active market, the inputs and methods for estimating their fair value are more subjective and, therefore, the valuations less reliable.
There are a lot of strong brands in Southern California, like Jack in the Box, In and Out, KFC, and Taco Bell, but the bright side is that it's a very
active market.
This is a strong location in an
active market, which is surrounded by excellent demographics," said Rosenberg.
If a financial instrument is publicly traded, disclosure of quoted market prices in the most
active market provides the most reliable information.
The ED also states (paragraph 6, page 2) that "the quoted price for a single traded unit in the most
active market provides useful information to investors, creditors, and others, and is the basis for determining market price and reporting market value.
With an
active market as the likely scenario for the year 2000, National Business Parks is gearing up to market what may be one of the most valuable commodities in the area - 71,781 square feet of prime space being vacated by Merrill Lynch at 400 College Road East in College Park.
