Examlex
Which of the following would be LEAST likely to be studied by a cognitive psychologist?
Unobservable Inputs
Inputs for which market data are not available and that are developed using the best information available about the assumptions that market participants would use when pricing the asset or liability.
Fair Value Hierarchy
A system that prioritizes the inputs used in the valuation of assets and liabilities for financial reporting purposes.
Equity Instrument
is a financial instrument that evidences ownership interest in an entity, such as shares of common stock.
Exit Price
The amount that could be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
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