Quoted Prices (Unadjusted) in Active Markets for Identical Assets or Liabilities

question 14

Multiple Choice

Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date are an example of:

• A) a Level 2 input;
• B) a Level 1 input;
• C) a Level 3 input;
• D) a Level 4 input.

---

Definitions:

Character

A single letter, number, or symbol that is used in writing or text encoding.

Reserved

Indicates a status where a resource, such as a seat or space, is held for specific use or person, preventing it from being available to others.

Restricted

Limited access or permissions to a resource, area, or data based on certain criteria.

Significant

Something deemed significant carries a considerable amount of importance, impact, or meaning, often influencing outcomes or perceptions.