Company: FVN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001829126-25-005949
Chunk: 89

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 89
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 demands, excluding short form demands, that we register such securities. In addition,
the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to our
completion of our initial Business Combination. We will bear the expenses incurred in connection with the filing of any such registration
statements.

23

Critical Accounting Policies and Estimates

The preparation of financial statements in conformity
with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities, contingent assets and liabilities, each as of the date of
the financial statements, and revenue and expenses during the periods presented. On an ongoing basis, management evaluates their estimates
and assumptions, and the effects of any such revisions are reflected in the financial statements in the period in which they are determined
to be necessary. Management bases their estimates on historical experience and on various other factors that they believe are reasonable
under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that
are not readily apparent from other sources. Actual outcomes could differ materially from those estimates in a manner that could have
a material effect on our consolidated financial statements.

Some of these estimates and assumptions are inherently
subjective and involve significant judgment, making them critical to our reported financial position and results of operations.

A critical accounting estimate is one that:

    ●
    Involves complex or subjective judgments or estimates about matters
        that are inherently uncertain; and 

    ●
    Could materially affect our financial results if actual results differ
        from those estimates. 

Management regularly evaluates these estimates based
on historical experience, current conditions, and other factors. However, actual results could differ materially from those estimates.

The critical accounting estimate determined by the
Company is as follows:

Fair Value of Financial Instruments

ASC Topic 820 “Fair Value Measurements and Disclosures”
defines fair value, the methods used to measure fair value and the expanded disclosures about fair value measurements. Fair value is the
price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between the buyer and the seller
at the measurement date. In determining fair value, the valuation techniques consistent with the market approach, income approach and
cost approach shall be used to measure fair value. ASC Topic 820 establishes a fair value hierarchy for inputs, which represent the assumptions
used by the buyer and seller in pricing the asset or liability. These inputs are further defined as observable