Question: Retail plc had a portfolio linked to retail properties. Discuss the information that would be required if Level 1 and Level 2 inputs were unavailable.

Retail plc had a portfolio linked to retail properties. Discuss the information that would be required if Level 1 and Level 2 inputs were unavailable. Explain the judgements that would be required.

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Level 1 inputs are quoted prices in an active market for identical assets or liabilities that the entity can access at the measurement date Level 2 in... View full answer

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