What Level Are Inputs for Estimating Fair Values Are Those

question 71

Multiple Choice

What level are inputs for estimating fair values are those inputs include quoted prices for similar assets or liabilities in active or inactive markets,other observable information such as yield curves and price indexes,and other observable data such as market-based correlation estimates?

• A) Level 1.
• B) Level 2.
• C) Level 3.
• D) None of these.

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Definitions:

Trade Discount

A reduction from the list price granted by a seller to a buyer based on the volume or quantity purchased or to stimulate sales.

Discount Series

A sequence of discounts applied one after the other, often used to determine the final price after multiple discounts are applied.

Trade Discount

A reduction in the price of goods or services offered by a seller to a buyer in the business-to-business market.

Discount Series

A sequence of discounts applied one after the other to reduce a product's price or to calculate the present value of a stream of future payments.