What is the fair-value hierarchy? Why do we need it, and what do each of the three

Question:

What is the ‘fair-value hierarchy’? Why do we need it, and what do each of the three levels of the hierarchy represent?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9781743767382

9th Edition

Authors: Craig Deegan

See More Books

Question Posted: Sep 02, 2023 06:18 AM

See More Questions

The fair value hierarchy establishes three levels of input, with level one being the best type, because it uses the most objective inputs, and level three using the most subjective inputs....
What is the fair value hierarchy for investment securities?
Determine the appropriate classification in the fair value hierarchy for each of the instruments referenced in the case as of December 31, 2016. Provide support from appropriate authoritative...
What items should each staff member receive when beginning a veterinary job position?
Explain the principles you would want to keep in mind when drafting an employee privacy policy for a firm.
The following data summarize the results from an independent-measures study comparing three treatment conditions. a. Use an ANOVA with a = .05 to determine whether there are any significant...
The annual sales for Saudi Aramco Corporation were $4.7 million last year. All sales are on credit. The firms end-of-year balance sheet was as follows: The firms income statement for the year was as...
Ol Salt Enterprises produces 1,000 sailboats per year. Although the company currently buys sails for the sailboats (one set of sails per boat), it is considering making sails in some space that it...
23. A convex mirror used for rear view on an automobile has a radius of curvature of 3m. If a bus is located at 5m from this mirror, find the position, nature and magnification of the image. 24. An...
What are three valuation techniques that can be used to determine fair value?
In accounting for the acquisition of assets, the assets acquired are to be recorded at the cost of acquisition. How would you determine the cost of acquisition?
Convert the base 10 numeral to a numeral in the numeration system indicated. 2124 to Egyptian
Which is equivalent to var q = 4.0f;? A. float q = 4.0f; B. Float q = 4.0f; C. double q = 4.0f; D. Double q = 4.0f; E. Object q = 4.0f;
Which of the following modifiers can both be applied to a method? (Choose three.) A. private and final B. abstract and final C. static and private D. private and abstract E. abstract and static F....
Suppose foo is a reference to an instance of a class Foo. Which of the following is not possible about the variable reference foo.bar? A. bar is an instance variable. B. bar is a static variable. C....
What is the output of the following? A. 333 B. 333 806 1601 C. The code compiles but outputs something else. D. The code does not compile. var teams = = new StringBuilder ("333"); teams.append("...
Which of the following is not a true statement? A. The first line of every constructor is a call to the parent constructor via the super() command. B. A class is not required to have a constructor...
In the drug testing, assume there are three possible test results: positive, negative, and inconclusive. For a drug user, the probabilities of these outcomes are 0.65, 0.06, and 0.29. For a nonuser,...
The Heese Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Heeses purchased and used 101,000 pounds of potatoes at a price of $ 0.70 per...
One of the largest losses in history from unauthorized securities trading involved a securities trader for the French bank, Societe Generale. The trader was able to circumvent internal controls and...
An employee of JHT Holdings, Inc., a trucking company, was responsible for resolving roadway accident claims under $25,000. The employee created fake accident claims and wrote settlement checks of...
An employee of JHT Holdings, Inc., a trucking company, was responsible for resolving roadway accident claims under $25,000. The employee created fake accident claims and wrote settlement checks of...
Suppose your MasterCard calculates interest using the average daily balance method, and the monthly interest rate is 1.1%. The itemized billing for the month of August is shown below. Detail Date...
Instructions - You will complete this week's task by submitting: A completed AIT QAPI Leadership Rounding Guide Attach Your CMS Comparison Report as from the CMS Compare Site in PDF format/or JPeg...
1) Suppose you invest $10000 into a mutual fund that is expected to earn a rate of return of 7%. How money will you have in 7 years? .Note: Express your answers in strictly numerical terms.For...

What is the fair-value hierarchy? Why do we need it, and what do each of the three

Question:

Step by Step Answer:

When determining fair value there are different ways to do it Some are preferable to others as the valuations derived from using some methods of valua...View the full answer

Financial Accounting

Students also viewed these Business questions