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He holds a Bachelor of Arts in journalism and political science from Benedictine College and a Juris Doctorate from Washburn University.
Because Level 3 assets are notoriously difficult to value, the stated worth they are given for accounting purposes should not always be taken at face value by investors.Topic 820, introduced in 2009, ordered firms not just to state the value of their Level 3 assets, but also to outline how using multiple valuation techniques might have affected those values.
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