Which of the following information must be provided in the financial report about level 3 fair valuations

Question

Quizplus · Accepted Answer

All of the options (A, B, and C) must be provided in the financial report about level 3 fair valuations. This is in accordance with the accounting standards that require a detailed description of the valuation technique used, explanation of why the asset is not being used for its highest and best use (if applicable), and quantitative information on the inputs used in the model.

Which of the Following Information Must Be Provided in the Financial