Which of the Following S the Lowest Level of the SFAS

question 19

Multiple Choice

Which of the following s the lowest level of the SFAS 157 FASB ASC 820) fair value hierarchy?

• A)Unobservable inputs that are corroborated by observable market data)
• B)Unobservable inputs that are not corroborated by observable market data)
• C)Observable market-based inputs or unobservable inputs that are corroborated by market data)
• D)Quoted market prices for identical assets or liabilities in active markets

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Definitions:

Colonialism

The practice of acquiring full or partial control over another country, occupying it with settlers, and exploiting it economically, often associated with imperialism.

Poverty

A condition where individuals lack sufficient income or resources to achieve a minimum standard of living.

Children

Young human beings below the age of puberty or below the legal age of majority.

Democracy

In a democracy, citizens exercise a high degree of control over the state. They do this mainly by choosing representatives in regular, competitive elections.