GAAP disclosures for fair value measurements now require that fair value measurements using Level 3 inputs include all of the following except
A)the valuation technique used to measure the fair value
B)a reconciliation of the Level 3 values to each of the corresponding Level 1 and Level 2 values that were not chosen
C)a reconciliation of the changes in fair value during the period
D)a related discussion

Question

Quizplus · Accepted Answer

GAAP disclosures for fair value measurements using Level 3 inputs now require a description of the valuation technique used to measure fair value, a reconciliation of changes in fair value during the period, and a related discussion. However, a reconciliation of Level 3 values to each of the corresponding Level 1 and Level 2 values that were not chosen is not required.

GAAP Disclosures for Fair Value Measurements Now Require That Fair