Question
What happens to own-credit risk changes under the fair value option?
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Answer
They go to OCI.
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Question
When is the most advantageous market used?
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Answer
When no principal market exists.
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Question
What type of input creates a Level 3 measurement?
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Answer
Unobservable inputs, meaning the entity's own assumptions.
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Question
What additional disclosure is required for Level 3 fair value measurements?
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Answer
A rollforward, valuation techniques, inputs, and sensitivity.
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