Please refer to the sample and paraphrase the ''Long Term Debt''. Changing the company name to Newmont Corporation. Please write a close word count and format of the sample. Long Term debt- The Company's financial instruments consist of cash, accounts receivable,other financial assets, accounts payable and accrued liabilities, transaction taxes payable, loanpayable, interest payable, and long-term debt. The Company characterizes inputs used indetermining fair value using a hierarchy that prioritizes inputs depending on the degree to whichthey are observable. The fair value hierarchy establishes three levels to classify the inputs tovaluation techniques used to measure fair value. The three levels of the fair value hierarchy areas follows: • Level 1: inputs are quoted prices (unadjusted) in active markets for identical assetsor liabilities. Active markets are those in which transactions occur in sufficient frequency andvolume to provide pricing information on an ongoing basis. • Level 2: inputs, other than quotedprices, that are observable, either directly or indirectly. Level 2 valuations are based on inputs,including quoted forward prices for commodities, market interest rates, and volatility factors,which can be observed or corroborated in the marketplace. • Level 3: inputs are less observable,unavoidable or where the observable data does not support the majority of the instruments’ fairvalue. Cash and performance bonds are measured based on Level 1 inputs of the fair valuehierarchy on a recurring basis. The carrying value of accounts receivable, accounts payable andaccrued liabilities, bank indebtedness, loan payable, interest payable, and long-term debtapproximate their fair value because of the short-term nature of these instruments and becauselong-term debt approximates a market rate of interest. The Company assessed that there were noindicators of impairment for these financial instruments.

The above paragraph has been paraphrased below :-

Answered: Please refer to the sample and…

Please refer to the sample and paraphrase the ''Long Term Debt''. Changing the company name to Newmont Corporation. Please write a close word count and format of the sample.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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