Determining Fair Value by Calculating the Present Value of Future

question 132

True/False

Determining fair value by calculating the present value of future cash flows is a level 1 type of input.

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Definitions:

Precedent

A legal case that establishes a principle or rule that is followed by courts in future cases with similar issues or facts.

Civil Code

A comprehensive collection of laws and legal principles that deal with the rights and duties of individuals and legal entities in private matters.

Law of Equity

A system of law that supplements the common law and rectifies situations where the application of the common law would be unjust.

Ontario Court

A judicial institution in the province of Ontario, Canada, responsible for administering justice through interpreting and applying the law.