When determining the fair values of assets acquired in an acquisition, the highest level of measurement per GAAP is
a. adjusted market value based on prices of similar assets.
b. unadjusted market values in an actively traded market.
c. based on discounted cash flows.
d. the entity's best estimate of an exit or sale value.
b
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Which of the following statements is (are) true regarding cash-balance pension plans?
I. Cash balance plans are defined contribution plans. II. Under a cash balance plan, the employer creates an investment account for each employee into which the employer makes actual contributions and allocates investment gains and losses. A) I only B) II only C) both I and II D) neither I nor II
Which of the following is a definition of the covariance between X and Y?
A. Correlation between X and Y times variance of X times variance of Y B. Variance of X times the variance of Y C. Correlation between X and Y divided by the product of the standard deviation of X and the standard deviation of Y D. Correlation between X and Y times standard deviation of X times standard deviation of Y