The FASB Has Set a Hierarchy of Inputs to Consider

question 37

Multiple Choice

The FASB has set a hierarchy of inputs to consider in assessing fair value.Which of the following valuations are generally viewed as the most subjective?

• A)Level 0.
• B)Level 1.
• C)Level 2.
• D)Level 3.

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Definitions:

Scatterplot

A type of graph used in statistics to display and analyze the relationship between two continuous variables, with dots representing data points.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate in relation to each other.

Weight

A measure of the heaviness of an object, often quantified using units such as kilograms or pounds.

Correlation

A statistical measure that describes the extent to which two variables change together.