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Donchess Corporation was preparing its disclosure footnote for the fair value of certain financial instruments. If Donchess reported the value of its investment in a
- Donchess Corporation was preparing its disclosure footnote for the fair value of certain financial instruments. If Donchess reported the value of its investment in a start-up company, which was calculated internally using estimates on December 31, 2020, this valuation would be considered to be in which category of the fair value hierarchy?
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen and Peter Brewer
14th edition
978-007811100, 78111005, 978-0078111006
