- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Valuation
- Learning Module 27. Private Company Valuation
- Subject 3. Definitions (Standards) of Value
CFA Practice Question
When determining the definition of value, the most important two factors are:
II. The nature of operation.
III. The status of the company.
IV. The buyer/seller's requirements and expectations.
I. The use of valuation.
II. The nature of operation.
III. The status of the company.
IV. The buyer/seller's requirements and expectations.
Correct Answer: I and III
III. Should the company be assumed a going concern or not?
I: Will the value be used for tax reporting, financial reporting or tangible asset appraisal?
III. Should the company be assumed a going concern or not?
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