1 pts Question 22 According to ASC Topic 820 which level has the lowest priority for valuation purposes Level 1 Level 2 Level 3 D Question 23 Which of the following items does not require fair value measurement for reporting on the balance sheet? Asset impairments Treasury stock Business combinations Goodwill Question 24 1 pts According to the IASB Framework, the financial statement element that is defined as decreases in economic benefits during the accounting period in the form of outflows or depletions of assets or incurrence of abilities that result in decreases inequity, other than those relating to distributions to equity participants, is Revenue Income Loss Expense