For More Than 2,000 Years Until the 1949 Communist Revolution,_____,which

question 117

Multiple Choice

For more than 2,000 years until the 1949 Communist revolution,_____,which teaches the importance of attaining personal salvation through right action,was the official ethical system of China.

• A) Maoism
• B) Feng Shui
• C) Confucianism
• D) Shinto
• E) Buddhism

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Definitions:

Unobservable Inputs

Inputs for which market data are not available and that are developed using the best information available about the assumptions that market participants would use when pricing the asset or liability.

Fair Value Hierarchy

A system that prioritizes the inputs used in the valuation of assets and liabilities for financial reporting purposes.

Equity Instrument

is a financial instrument that evidences ownership interest in an entity, such as shares of common stock.

Exit Price

The amount that could be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.