QUESTION: 73

Three levels are identified by in the hierarchy of measurements to identify fair value, with the highest level available to be used. These levels are; highest-priority level, inputs are those other than quoted prices included within level 1 that are directly or indirectly observable and Level 3 where inputs are unobservable.

FASB
SFAS
IBA
Merger Doctrine

Answer(s): A

Reveal Solution Next Question

QUESTION: 74

In case of valuation of family law courts, in fact, courts often mix standards of value with valuation methods. For example, one opinion recognized "fair acceptable methods" for valuing goodwill on the basis of:

The price a willing buyer would pay
Capitalization of excess earnings method
One Quarter's gross average gross income
A and B only

Answer(s): D

Reveal Solution Next Question

QUESTION: 75

The market approach, income approach, and asset approach, or a combination of these, are all used to value marital property, but the courts seem to be leery of:

New approaches that have not gained wide acceptance in the valuation community.
New approaches that have gained wide acceptance in the valuation community.
New approaches and old approaches that have not gained wide acceptance in the valuation community.
Evidence of sale of comparable practice'

Answer(s): A

Reveal Solution Next Question

QUESTION: 76

The first step in the valuation process, after carefully defining the assignment, is to gather the data necessary to conduct the assignment. These data can be categorized into three groups. Which one of the following is NOT out of those groups?

Company-specific data
Data about the company's industry and economic environment
Data regarding whole supply chain
Data about the subject property's market (market of ownership interests in the subject company)

Answer(s): C

Reveal Solution Next Question

Free ABV Exam Braindumps (page: 19)

QUESTION: 73

QUESTION: 74

QUESTION: 75

QUESTION: 76