Which of the Following Is Associated with Level 3 in the FASB

question 83

Multiple Choice

Which of the following 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:

Technological

Relating to or involving technology, especially concerning the development, application, and impact of technological devices and systems.

Connected Refrigerator

A type of smart appliance that uses internet connectivity to offer additional features such as inventory tracking and remote control.

Voice Commands

A technology that allows users to operate a device or software using spoken instructions instead of manual inputs like typing or clicking.

Technological

Relating to or involving technology, especially in regards to its development, application, and impact on society.