Which of the Following Is Not an Important Aspects of SFAS

question 14

Multiple Choice

Which of the following is not an important aspects of SFAS No.157 FASB ASC 820) ?

• A)A new definition of fair value.
• B)A requirement that all assets and liabilities are to be measured at their fair value.
• C)A fair value hierarchy used to classify the source of information used in fair value measurements for example,market based or nonmarket based).
• D)New disclosures of assets and liabilities measured at fair value based on their level in the hierarchy.

---

Definitions:

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true; commonly denoted by alpha.

Advertisements

Messages designed to promote or sell a product, service, or idea to consumers or audiences.

Wilcoxon Signed Rank Test

A non-parametric statistical test used to compare two related samples, to assess whether their population mean ranks differ.

Nonparametric Method

Statistical methods that do not assume a specific distribution for the data, making them flexible in analyzing data without certain underlying assumptions.