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:
Answer rating: 100% (5 reviews)
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
Answered By
Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
Last but not the least, I am finance enthusiast. Big fan of Warren buffet for long term focus investing approach. On the same side derivatives is the segment I possess expertise.
If you have any finacne related doubt, do reach me out.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business 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.
-
Use polar coordinates to set up and evaluate the double integral R (x, y) dA. f(x, y) = e-(x + y)/2 R: x + y2 25, x 0
-
Regression-correlation analysis comprehensive problem Luxury Cars, Inc. imports a va- riety of cars targeted for the high-priced end of automobile market. Over the last three years, the company's...
-
Bob Royce incorporated Royce Consulting, an accounting practice, on May 1, 2014. During the first month of operations, these events and transactions occurred. May 1 Stockholders invested $100,000...
-
Based on "Sun Hydrailics Corporation" Bob Koski. I need answer these questions below: So what is your reaction/analysis to the overall design, principles, practices, and structure at Sun Hydraulics?...
-
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?
-
The market demand for a good will decrease ______. a) as income decreases if the good is an inferior good b) if the market price of a substitute good increases c) as income decreases if the good is a...
-
Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 7,050 rackets and sold 5,430. Each racket was sold at a price of $90. Fixed overhead costs are...
-
Following is information on an investment in a manufacturing machine. The machine has zero salvage value. The company requires a 9 % return from its investments. Initial investment $ ( 2 6 0 , 0 0 0...
-
"Pico's Pizzeria, a popular establishment known for its delicious pizzas, is considering a strategic investment to upgrade its equipment. Specifically, the company is contemplating the purchase of a...
-
One segment of the Hishim Candy Company has provided you with some information about the segment s operation for the past fiscal year. The segment investment ( average assets ) was $ 4 , 0 0 0 , 0 0...
-
Payton Architectural Designs Inc. has three partners that each earn $80,000 per year, and three associates that earn $58,000 per year. Each partner and associate has 2,000 billable hours per year....
-
What is gender identity?
-
Ball bearings are widely used in industrial applications. You work for an industrial food machinery manufacturer and your role is to design the driveshaft assembly on a new type of equipment that...
-
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...
-
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 3 1 appear below. The company did not issue any common stock during the year. A total of...
-
PLEASE HELP OPEN IMAGE PROVIDED ANSWER ALL PARTS PLZ After experiencing high costs in 2 0 1 9 , SES used value engineering to reduce the cost of selling solar heating systems. Managers at SES want to...
-
[ The following information applies to the questions displayed below. ] Deliberate Speed Corporation ( DSC ) was incorporated as a private company. The company s accounts included the following at...
Study smarter with the SolutionInn App