Fair value , input 1 , 2 3

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November 14, 2016 at 4:15 am #348792
armaghanbutt
Member
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sir i want to ask to use input 1 our co. also need to traded in active market ?

like our is private co. of milk so can use share price of public listed co milk share price for level 1 input?
November 16, 2016 at 9:52 pm #349389
P2-D2
Keymaster
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Hi,

To use level 1 inputs the asset or liability must be traded on an active market. A private company would not use level 1 inputs but would use level 2 inputs, whereby a similar quoted company price could be used and adjusted.
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