The FASB Has Set a Hierarchy of Inputs to Consider

question 120

Multiple Choice

The FASB has set a hierarchy of inputs to consider in assessing fair value. Price taken from a recent trade on the NIKKEI of an index stock would fall under which level?

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

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Definitions:

Anxiety Disorders

A category of mental health diagnoses that lead to excessive nervousness, fear, apprehension, and worry.

Psychiatric Disorders

Mental health conditions characterized by changes in emotion, thinking or behavior (or a combination of these) associated with distress and/or impaired functioning.

ADHD

Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by inattention, hyperactivity, and impulsivity.

Anxiety

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.