Ashford ACC307 2021 August Week 2 Discussion (dq1+dq2) Latest

ACC307 Intermediate Accounting III

Week 2 Discussion

DQ1 Fair Value [WLOs: 1, 2, 3] [CLO: 2]

Prior to beginning work on this discussion, review Chapters 16 and 17 in the textbook.

Write: How would the following items be classified in the fair value hierarchy?

Asset retirement obligations

Asset equity securities without readily determinable fair values

Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.

DQ2 Equity Securities Determinable Fair Value [WLOs: 1, 2, 3] [CLO: 2]

Prior to beginning work on this discussion, review Chapters 16 and 17 in the textbook.

Write: Equity securities may not always have a readily determinable fair value.

How are equity securities measured if fair values are not readily determinable?

Give real world examples where appropriate.

Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.