As a reminder, because ASC32010 requires these investments to be entities applying this guidance should also look to ASC 820 for fair value measurement and disclosure guidance. For example, the following guidance from ASC 820-10 would be relevant in selecting appropriate valuation techniques for measuring fair value for these investments: 35-36 Valuation techniques used to measure fair value shall maximize the use of relevant observable inputs and minimize the use of unobservable inputs. 35-36A Examples of markets in which inputs might be observable for some assets and liabilities (for example, financial instruments) include exchange markets, dealer markets, brokered markets, and principal-to-principal markets. 35-36B In all cases, if there is a quoted price in an active market (that is, a Level 1 input) for an asset or a liability, a reporting entity shall use that quoted price without adjustment when measuring fair value... Now consider the following Now YOU Try. Contrast the roles of ASC 320 and ASC 820 in describing how entities should account for investments in debt securities. What function did each topic play in providing guidance for this issue? Now YOU Try 8.5