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One of the current trends in accounting is the measurement at fair value balance shneet items. For confidence and reliability in the measurement, FASB
One of the current trends in accounting is the measurement at fair value balance shneet items. For confidence and reliability in the measurement, FASB requires the use of Fair Value Hierarchy of inputs. List and describe the 3-Levels of inputs associated with this Hierarchy:
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Level1 The valuations based on the quoted price in a market which is ac...
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