According to U

question 64

Multiple Choice

According to U.S.GAAP,which of the following provides the most reliable measure for fair value measurement?

• A) Observable market data serving as inputs into estimates into present value-based measurements such as foreign exchange rates.
• B) Quoted market prices of identical assets or liabilities in inactive markets
• C) Observable quoted market prices in active markets for identical assets or liabilities
• D) Unobservable inputs used by the reporting entity when modeling how the market would determine the fair value of the asset or liability in question

---

Definitions:

In-House Psychologist

A psychologist employed within an organization or institution to provide mental health services, counseling, and support to its members or employees.

General Practitioner

A medical doctor who treats acute and chronic illnesses and provides preventive care and health education to patients.

Safe Spaces

Environments or areas created with the intent of providing a supportive and welcoming space for individuals of marginalized groups to express themselves without fear of judgment or harm.

Third-Party Firms

External companies or organizations that are not directly involved in a transaction but may provide auxiliary services.