Deloitte
Accounting Research Tool
...
Chapter 3 — Application Framework

3.2 Fair Value Application Framework

3.2 Fair Value Application Framework

Footnotes

1
ASC 820-10-35-44 specifies the unit of account (which is also the unit of valuation) that exists when an entity “holds a position in a single asset or liability (including a position comprising a large number of identical assets or liabilities, such as a holding of financial instruments) and the asset or liability is traded in an active market.” See Section 4.2 for more information.
2
See footnote 1.