Multiple Choice
The FASB has set a hierarchy of inputs to consider in assessing fair value.Which of the following relates to Level 1?
A) Quoted prices for identical items in active,liquid,and visible markets.
B) Unobservable inputs to be used in illiquid situations.
C) Observable information for similar items in active or inactive markets.
D) Unobservable inputs to be used in situations where markets don't exist.
Correct Answer:
Verified
Correct Answer:
Verified
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