The items in column a, below, describe characteristics of inputs relevant to the determination of fair value under the fair value framework of u. s. gaap. for each of the items in column a, click on the related box in column b and select the correct level of the input hierarchy - level 1, level 2 or level 3 - which best classifies the item in column a. each level of the input hierarchy may be used once, more than once or not at all.

You are to write a series of steps that anyone could follow to solve the following three problems: 1. even odd a. assume that someone tells you a number (an integer number) b. you hear the number and respond with the word even or odd 2. average a. assume that someone tells you between 3 and 5 numeric values. b. you hear the numbers and respond with the average is some number 3. dog or cat a. explain to a child the differences between a dog and a cat. b. your explanation could be used by a child or anyone to distinguish the difference between a dog and a cat