Companies Report Securities Based on a Fair Value Hierarchy in Which

question 122

True/False

Companies report securities based on a fair value hierarchy in which Level 3 is the most reliable estimates of inputs used and Level 1 fair value input estimates require the most judgment.

---

Definitions:

Capsid

Protein coat surrounding the nucleic acid of a virus.

Envelope

A flat, usually rectangular or square paper container used for sending letters or documents, or the outer covering of a structure.

Pilus

A hair-like appendage found on the surface of many bacteria, involved in adhesion to surfaces and in bacterial conjugation.

Endotoxins

Toxic substances bound to the bacterial cell wall and released when the bacteria disintegrates.