Multiple Choice
Which of the following is not an example of a level 2 input?
A) a financial forecast of cash flow or earnings
B) quoted prices for identical or similar assets or liabilities in markets that are not active
C) inputs other than quoted prices that are observable for the asset or liability,such as interest rates and yield curves,volatilities,prepayment speeds,and credit risks
D) inputs that are derived from or corroborated by observable market data by correlation or other means.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Which of the following documents issued alongside
Q2: Which of the following disclosures are not
Q3: At which date is fair value determined?<br>A)the
Q5: Where a market has both a bid
Q6: In which circumstance will it be necessary
Q7: When measuring the fair value of a
Q8: Which of the following is not assumed
Q9: The use of level 1 inputs in
Q10: When determining the fair value of an
Q11: Explain the three key objectives of AASB