The writer is very fast, professional and responded to the review request fast also. Thank you.
Codification Exercise: Fair Value Measurements
Instructions:
Go to Topic 820 in the Codification. Click on Subtopic 820. Answer the following questions. Include ASC citations were applicable. Use this webseit: https://asc.fasb.org/1943274/2147481910 ( check I am not a robot, and then Access the Basic View)
1. What is the definition of fair value?
2. The definition of fair value includes the term market participants. What are the characteristics of market participants?
3. Is fair value an “entry price” or “exit price”?
4. A transaction is assumed to occur in the principal market for an asset or liability. What is the principal market?
5. If no principal market exists, in what market is a transaction assumed to occur?
6. The fair value measurement for an asset is based on the highest and best use by market participants. What does this term mean?
7. For liabilities, what assumptions are made regarding fair value measurements?
8. Topic 820 lists three valuation techniques. List and briefly describe each of these approaches.
9. Topic 820 gives a fair value hierarchy of the inputs to the valuation techniques. List and briefly describe the three levels of the hierarchy.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more