For Golden Krust Caribbean Restaurant, what are some examples of Level 2 inputs to the valuation methodology?

According to the 2024 Golden Krust Caribbean Restaurant Franchise Disclosure Document, Level 2 inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets. It also includes quoted prices for identical or similar assets or liabilities in inactive markets. Other inputs besides quoted prices that are observable for the asset or liability are also considered Level 2 inputs.

Additionally, inputs that are derived principally from or corroborated by observable market data by correlation or other means are Level 2 inputs. If the asset or liability has a specified contractual term, the Level 2 input must be observable for substantially the full term of the asset or liability.

These Level 2 inputs are part of a fair value hierarchy used by Golden Krust Caribbean Restaurant for its financial assets and liabilities. This hierarchy prioritizes inputs to valuation techniques, with Level 1 being unadjusted quoted prices in active markets for identical assets or liabilities and Level 3 being unobservable inputs.