Companies need to consider SFAS No. 157, "Fair Value Measurements", when determining the fair value of an investment. That standard distinguishes between various levels of inputs to fair value determination.
Required:
Describe the various levels of inputs, explaining key aspects that distinguish them, and indicate which level is most preferred and which is least preferred.

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The Answer of Companies need to consider SFAS No. 157, "Fair Value Measurements", when determining the fair value of an investment. That standard distinguishes between various levels of inputs to fair value determination.
Required:
Describe the various levels of inputs, explaining key aspects that distinguish them, and indicate which level is most preferred and which is least preferred.

Companies Need to Consider SFAS No