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What Level Are Inputs for Estimating Fair Values Based on a Firm's

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What level are inputs for estimating fair values based on a firm's own assumptions about the fair value of an asset or a liability,such as using various data to estimate present values?


Definitions:

Objects

Items, things, or entities that can be seen, touched, or otherwise sensed.

Size Constancy

The tendency to perceive objects as being the same size even though the sizes of their images on the retina may differ as a result of distance.

Infants

Young babies, typically under one year of age, who are in the earliest stage of human life, characterized by rapid physical and cognitive development.

Age

A measurement of the length of time that an individual has been alive, typically expressed in years.

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