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    Auditing and Assurance Services Study Set 2
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    Exam 23: Audit of Cash and Financial Instruments
  5. Question
    Prices in an Active Market for Identical Assets Is a Level
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Prices in an Active Market for Identical Assets Is a Level

Question 121

Question 121

Multiple Choice

Prices in an active market for identical assets is a level ________ fair value estimate.


A) 1
B) 2
C) 3
D) 4

Correct Answer:

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