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Match the order of priority of the following measurements for determining the fair value of...

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Accounting

Match the order of priority of the following measurements for determining the fair value of a financial liability.

A. Priority 4
B. Priority 1
C. Priority 3

D. Priority 2

1. Quoted price in an active market for the identical liability.
2. Quoted price in an active market for the identical liability held by another party as an asset.
3. Quoted price in an inactive market for the identical liability held by another party as an asset.
4. Quoted price in an active market for similar liabilities or using a present value approach.

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