Quoted Prices (Unadjusted) in Active Markets for Identical Assets or Liabilities

question 14

Multiple Choice

Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date are an example of:

• A) a Level 2 input;
• B) a Level 1 input;
• C) a Level 3 input;
• D) a Level 4 input.

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Definitions:

Extension

The movement by which the two ends of any jointed part are drawn away from each other, increasing the angle between them.

Adduction

The movement of a limb or other body part toward the midline of the body or toward another body part.

Flexion

The action of bending or the condition of being bent, especially of a joint or muscle.

Synovial Joint

A type of joint that is enclosed within a capsule containing synovial fluid, allowing for smooth movement between bones.