The observable inputs as part of the IRS 13 Valuation Model that reflect quoted prices for identical assets or liabilities in active markets are considered
• highly subjective and must be disclosed.
• to produce the best quality fair value measuremen.
• ineffective and of little value.
• lack objectivity and should only be used if level 2 and 3 information is not available.
Describe why the traditional line-item budgeting is the best for…
Describe why the traditional line-item budgeting is the best for local governments and explain why?