alleryStart learning →A Level 1 fair value input is:
AManagement's unobservable estimates
BUnadjusted quotes for identical items
CObservable prices of similar items
DAn in-house model's output
Answer & Solution
Correct answer: B. Unadjusted quotes for identical items
Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities.
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