Does GAAP distinguish between fair values that are readily determinable from a securities exchange versus those needing

Question:

Does distinguish between fair values that are readily determinable from a securities exchange versus those needing to be calculated based on the company's own assumptions? Explain how a user will know about the reliability of the inputs used to determine fair value.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...