CFA Practice Question

There are 201 practice questions for this study session.

CFA Practice Question

When determining the definition of value, the most important two factors are:

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

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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