Ireland Airways recently reported the following items at fair value in recent annual report (in millions).   Account Amount Source of Input Cash and Cash equivalents $11,837 Identical Asset /Active Market Commercial Paper       135 Similar Asset/Active Market Other Available for Sale Securities       228 Identical Asset/Active Market Option contracts       109 Significant unobservable inputs Time Deposits       550 Identical Asset/Inactive Market Certificates of Deposit       125 Similar Asset/Inactive Market     What is the total dollar amount of level 1 assets? What is the total dollar amount of level 2 assets? What is the total dollar amount of level 3 assets?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Ireland Airways recently reported the following items at fair value in recent annual report (in millions).

 

Account

Amount

Source of Input

Cash and Cash equivalents

$11,837

Identical Asset /Active Market

Commercial Paper

      135

Similar Asset/Active Market

Other Available for Sale Securities       228

Identical Asset/Active Market

Option contracts

      109

Significant unobservable inputs

Time Deposits

      550

Identical Asset/Inactive Market

Certificates of Deposit

      125

Similar Asset/Inactive Market

 

 

What is the total dollar amount of level 1 assets?

What is the total dollar amount of level 2 assets?

What is the total dollar amount of level 3 assets?

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