Quiz VII Review Questions - AC574 Quiz 7 Review Questions:...

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AC574 – Quiz 7 Review Questions: IMPORTANT: Please review the following questions before taking the weekly quiz. 1-5 Quiz Multiple Questions: (1) (TCO G) A valuation professional who holds a CVA has the credentials of a: A. Continuous valuation analyst. B. Cost valuation of assets. C. Certified valuation analyst. D. None of the above is correct. (2) (TCO G) Common reasons for needing valuations of closely held businesses are: A. Estate or gift tax reporting. B. Divorce case distributions. C. The buyout of one or more shareholders. D. Death of a shareholder. E. All of the above are correct. (3) (TCO G) The most common measure of value is: A. Fair market value. B. Intrinsic value. C. Historical cost value. D. Majority stockholder value. E. None of the above is true. (4) (TCO G) If a shareholder in a closely held business sells his or her stock, the valuation professional typically would: A. Increase the value somewhat to get the minority owner out of the business. B. Do a standard professional valuation in which the minority interest issue is ignored. C. Discount the value somewhat to reflect the diminished value of being a minority interest holder. D. Always use a historical cost basis analysis to take conservatism into account. E. None of the above is correct. (5) (TCO G) A major challenge in doing valuations in a divorce case is: A. Dealing with all of the strife and bickering that goes on in divorce cases. B. Dealing with the child custody issues.
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Quiz VII Review Questions - AC574 Quiz 7 Review Questions:...

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