Which of the Following Models Is Associated with Level 3

question 74

Multiple Choice

Which of the following models is associated with Level 3 in the FASB hierarchy for ascertaining fair value?

• A)Mark to market model.
• B)Replacement model.
• C)Mark to model.
• D)Historical cost model.

---

Definitions:

Hippocrates

An ancient Greek physician often referred to as the "Father of Medicine," known for his lasting contributions to the practice of medicine, including the Hippocratic Oath.

Cerebrospinal Fluid

A clear, colorless body fluid found in the brain and spinal cord that acts as a cushion for the brain's cortex, providing basic mechanical and immunological protection.

Black Bile

In ancient and medieval medicine, one of the four bodily humors believed to be associated with melancholy.

Essential Fluid

A necessary or critical bodily fluid for physiological functions, such as blood, lymph, or cerebrospinal fluid.