CFA Practice Question

There are 201 practice questions for this study session.

CFA Practice Question

At the earliest stages of development, a private company may best be valued using a(n) ______ approach.

A. income.
B. market.
C. asset-based.
Correct Answer: C

This is because the going-concern premise of value may be uncertain and /or future cash flows may be extremely difficult to predict.

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