- 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
Which definition of value is often used for financial reporting?
A. Fair market value.
B. Market value.
C. Fair value.
Explanation: It is also used in certain litigation matters.
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