as uneamed revenue until the date of disposal O directly to retained earnings at the disposal date Question 18 2 pts Which of the following statements is not true regarding the hierarchy of fair value measurements now provided in GAAP? The hierarchy clarifies the inputs a company is to use to measure fair value. The three levels of inputs provide defined priorities for sources of available inputs for valuation. The "Level 1" inputs are quoted prices in active markets for identical assets or liabilities O The hierarchy eliminates all subjectivity and estimation from the valuation process. 21 Question 19