The FASB Has Set a Hierarchy of Inputs to Consider

question 37

Multiple Choice

The FASB has set a hierarchy of inputs to consider in assessing fair value.Which of the following valuations are generally viewed as the most subjective?

• A)Level 0.
• B)Level 1.
• C)Level 2.
• D)Level 3.

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Definitions:

Durkheim

A French sociologist best known for his foundational contributions to the field of sociology, including his theory on the social causes of suicide.

Marx

Karl Marx, a 19th-century philosopher, economist, and revolutionary socialist who developed the theories of Marxism, focusing on class struggle and the critique of capitalism.

Weber

Max Weber was a German sociologist, economist, and political scientist known for his ideas on bureaucracy, social stratification, and the sociology of religion, among others.

Gender

Socially constructed roles, behaviors, expressions, and identities associated with being male, female, or non-binary.