問題1
One unique aspect of the valuation provision in a Bu-Sell agreement, as opposed to other valuation problems, is the extreme uncertainty concerning when a future event that triggers a transaction under the agreement will occur. This is one of the key reasons why:
One unique aspect of the valuation provision in a Bu-Sell agreement, as opposed to other valuation problems, is the extreme uncertainty concerning when a future event that triggers a transaction under the agreement will occur. This is one of the key reasons why:
正確答案: B,D
問題2
Virtually, all businesses or interests in businesses may be appraised under some alternatives premises of value. Which of the following is not out of those premises?
Virtually, all businesses or interests in businesses may be appraised under some alternatives premises of value. Which of the following is not out of those premises?
正確答案: B
問題3
An intangible's deficiencies are considered curable when the prospective economic
benefit of enhancing or modifying it exceeds the current cost (in terms of material, labor,
and time) to change it. An intangible's deficiencies are considered incurable when:
An intangible's deficiencies are considered curable when the prospective economic
benefit of enhancing or modifying it exceeds the current cost (in terms of material, labor,
and time) to change it. An intangible's deficiencies are considered incurable when:
正確答案:
問題4
The second step in capitalized excess earnings method is:
The second step in capitalized excess earnings method is:
正確答案: D
問題5
The use of asset-based approach should not be confused with the selection of the appropriate premise of value for the subject business valuation. Some analysts mistakenly confuse the use of asset-based approach with a liquidation premise of value (or with a liquidation valuation). Rather, the asset-based approach can be used with all premises of value including:
The use of asset-based approach should not be confused with the selection of the appropriate premise of value for the subject business valuation. Some analysts mistakenly confuse the use of asset-based approach with a liquidation premise of value (or with a liquidation valuation). Rather, the asset-based approach can be used with all premises of value including:
正確答案: C
問題6
Buy-sell agreement may specify that the shares be valued strictly at their fair market value as:
Buy-sell agreement may specify that the shares be valued strictly at their fair market value as:
正確答案: B
問題7
Once in a while, someone -perhaps a broker trying to sell a business -quotes return on equity computed on a pretax basis. This definition can be very misleading, since:
Once in a while, someone -perhaps a broker trying to sell a business -quotes return on equity computed on a pretax basis. This definition can be very misleading, since:
正確答案: C
問題8
Which one of the following is/are example/s of normalizing adjustments?
Which one of the following is/are example/s of normalizing adjustments?
正確答案: A,D
問題9
Under the asset approach, the value of the corporation's investment in common stock is the common stock's fair market value on the valuation date:
Under the asset approach, the value of the corporation's investment in common stock is the common stock's fair market value on the valuation date:
正確答案: D
問題10
are defined as the sum of the market value of total liabilities divide by the aggregate liquidation value of the preferred stock.
are defined as the sum of the market value of total liabilities divide by the aggregate liquidation value of the preferred stock.
正確答案: A
問題11
"When earnings have once been
"realized", so that they can
be expressed
with some approach to accuracy in the company's accounts, they are already water under the mill and have no direct bearing on what the property in question is now worth. Value, under any plausible theory of capitalized earning power is necessarily forward looking. It is an expression of the advantage that an owner of the property may expect to secure from the ownership in the future. The past earnings are therefore beside the point, save as a possible index of future earnings". This statement correctly expresses:
"When earnings have once been
"realized", so that they can
be expressed
with some approach to accuracy in the company's accounts, they are already water under the mill and have no direct bearing on what the property in question is now worth. Value, under any plausible theory of capitalized earning power is necessarily forward looking. It is an expression of the advantage that an owner of the property may expect to secure from the ownership in the future. The past earnings are therefore beside the point, save as a possible index of future earnings". This statement correctly expresses:
正確答案: D
問題12
The most appropriate application of the excess earnings method is for the purpose of:
The most appropriate application of the excess earnings method is for the purpose of:
正確答案: C
問題13
is the flip side of discounts, which can be added for a variety of factors, such as control, industry risk, or a swing vote.
is the flip side of discounts, which can be added for a variety of factors, such as control, industry risk, or a swing vote.
正確答案: B
問題14
Which one of the following is perhaps the most valuable source of authoritative information on a particular industry?
Which one of the following is perhaps the most valuable source of authoritative information on a particular industry?
正確答案: B