Which of the Following Is Not an Example of a Level

Multiple Choice

Which of the following is not an example of a level 2 input?

A) Quoted prices for identical or similar assets or liabilities in markets that are not active.
B) Inputs such as interest rates and yield curves, volatilities, prepayment speeds, and credit risks.
C) Measuring accounts receivable based on the entity's historical records of recoverability.
D) Inputs that are derived from or corroborated by observable market data by correlation or other means.