According to U

question 64

Multiple Choice

According to U.S.GAAP,which of the following provides the most reliable measure for fair value measurement?

• A) Observable market data serving as inputs into estimates into present value-based measurements such as foreign exchange rates.
• B) Quoted market prices of identical assets or liabilities in inactive markets
• C) Observable quoted market prices in active markets for identical assets or liabilities
• D) Unobservable inputs used by the reporting entity when modeling how the market would determine the fair value of the asset or liability in question