What is a level 1 input, level 2 input, or level 3 input for fair value?
The hierarchy of inputs is used to prioritize inputs that are used for valuation techniques. Fair value hierarchy should be understood as follows:
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What are the three sections of the cash flow statement?
The three sections are operating, inventing, and financing. The phrase “Oops I forgot” is helpful to remember the three section. The “O” in oops represents operating, the “I” represents investing, and the “f” in forgot represents financing. The operating section of the statement of cash flows will represent the cash inflows and outflows from operating […]