article summary- fair value
THE ACCOUNTING REVIEWVol. 85, No. 4 2010 pp. 1375–1410 American Accounting Association DOI: 10.2308/accr.2010.85.4.1375 Chang Joon Song Sungkyunkwan University Wayne B. Thomas Han Yi The University of Oklahoma ABSTRACT: Statement of Financial Accounting Standards No. 157 共FAS No. 157兲, Fair Value Measurements, prioritizes the source of information used in fair value measurements into three levels: 共1兲 Level 1 共observable inputs from quoted prices in active […]