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    Intermediate Accounting Study Set 9
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    Exam 5: Balance Sheet and Statement of Cash Flows
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    Level 1 of Fair Value Hierarchy Measures Are Based On
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Level 1 of Fair Value Hierarchy Measures Are Based On

Question 101

Question 101

Multiple Choice

Level 1 of fair value hierarchy measures are based on:


A) market prices for identical assets.
B) market prices for similar assets.
C) unobservable inputs.
D) historical cost of similar assets.

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