Multiple Choice
Which of the following is associated with Level 3 in the IASB hierarchy for ascertaining fair value?
A) quoted prices for identical items in a active, liquid, visible market
B) average prices for identical items in an active, liquid, visible market
C) observable information for similar items in an active or inactive market
D) unobservable inputs to be used in situations where markets do not exist
Correct Answer:
Verified
Correct Answer:
Verified
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