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Author Question: Level 1 estimates require more management judgment than level 2 or level 3 estimates. (Read 42 times)

bvyeehaw

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Question 1

Cutoff is more important in testing transactions as a client may want to record a gain or a loss on the sale at the end of the year.
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Question 2

Level 1 estimates require more management judgment than level 2 or level 3 estimates.
◦ true
◦ false


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Marked as best answer by bvyeehaw on Aug 21, 2022

Tussalpain

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bvyeehaw

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


scottmt

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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