Question

What is meant by “Level 1,” “Level 2,” and “Level 3” valuations in accounting?

What is meant by “Level 1,” “Level 2,” and “Level 3” valuations in accounting?

Homework Answers

Answer #1

Level 1 : these include valuation of assets where you can get reasonably accurate valuation by "mark to market" because they are liquid and traded - eg: stock, bonds

Level 2 : these include valuation of assets where you can't get reasonably accurate valuation by "mark to market". However by comparing other data points or market estimates or by use of extrapolation models

Level 3 : these include valuation of assets where valuation is possible only through estimated values or a range of values

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1) What is meant be strategic behavior? 2)What is a cartel? 3) What is meant by...
1) What is meant be strategic behavior? 2)What is a cartel? 3) What is meant by a dominant strategy? Please explain.
1. What is meant by "Backwards Induction"? 2. what is mean by an "ordinal game"? 3.What...
1. What is meant by "Backwards Induction"? 2. what is mean by an "ordinal game"? 3.What is Game Theory?
What is meant by the accrual basis of accounting? Discuss.
What is meant by the accrual basis of accounting? Discuss.
1) What is a JOB ORDER system, how we determine our valuations of the product? 2)...
1) What is a JOB ORDER system, how we determine our valuations of the product? 2) What is a JOB ORDER system, how we determine our valuations of the product 3) What is the major difference between the two? 4) Can there be some products that a hybrid of both, i.e. start with process go to job order, or start with job order and go to process, can you give examples?
1. What is the “neurotrophic factor hypothesis”? 2. What is meant by “programmed” cell death? 3....
1. What is the “neurotrophic factor hypothesis”? 2. What is meant by “programmed” cell death? 3. Explain why phosphorylation of “Bad” suppresses apoptosis.
3. Briefly explain what is meant by: 1) account profit; 2) economic profit; and 3) zero...
3. Briefly explain what is meant by: 1) account profit; 2) economic profit; and 3) zero economic profit. (include equations if any).
Explain what is meant by fund accounting. Discuss with examples how the fund accounting is used...
Explain what is meant by fund accounting. Discuss with examples how the fund accounting is used in the public sector.
It has been said that Accounting is the "Language of Business." What is meant by this?...
It has been said that Accounting is the "Language of Business." What is meant by this? How does this relate to the basic accounting equation and the recording and reporting process for accounting?
rules and regulations in the accounting profession are meant to be broken, not followed. Give 3...
rules and regulations in the accounting profession are meant to be broken, not followed. Give 3 current instances in 2016 who violated rules and why?
Why can accounting not directly provide us with information necessary to perform cash flow discounting-based valuations?
Why can accounting not directly provide us with information necessary to perform cash flow discounting-based valuations?