Which of the Following Models Is Associated with Level 3

question 74

Multiple Choice

Which of the following models is associated with Level 3 in the FASB hierarchy for ascertaining fair value?

• A)Mark to market model.
• B)Replacement model.
• C)Mark to model.
• D)Historical cost model.

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Definitions:

Bipolar Disorder

A mental health condition marked by extreme mood swings including emotional highs (mania or hypomania) and lows (depression).

Avoidance Response

A behavior aimed at evading a specific stimulus or situation perceived as unpleasant or threatening.

Phobia

An extreme or irrational fear or aversion to specific objects, scenarios, or situations, significantly impacting a person's life.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without any prior learning.