How many levels does the fair value hierarchy used for financial instrument disclosures have?
ATwo
BFour
CFive
DThree
Answer & Solution
Correct answer: D. Three
The hierarchy has Level 1, Level 2 and Level 3.
Keep practising Hedge Accounting
Browse all Hedge Accounting questions for CA Final, or explore more Financialreporting topics.
Related questions
What does a farmer gain by selling forwards on his wheat?Forward contracts differ from futures in that forwards are what?A derivative loses 70 while the hedged item gains 100. Under the 80:125 rule, is the hedgeA hedging instrument gains 90 while the hedged item loses 100. Is the ratio within the 80:A dollar offset ratio of 0.8 to 1.25 equals which fractional range?The dollar offset method compares which two quantities?Stage 1 in the allowance reconciliation means which measure?Which IFRS 7 reconciliation stage covers credit-impaired financial assets?