ABV Exam Questions with 100% Correct Answers 2024/2025
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Course
ABV
Institution
ABV
ABV Exam Questions with 100% Correct Answers 2024/2025
Standard of Value: Estate and Gift - ANSWERSFMV
Standard of Value: Inheritance Taxes - ANSWERSFMV
Standard of Value: Ad Valorem Taxes - ANSWERSFMV
Standard of Value: ESOPs - ANSWERSFMV
Standard of Value: Financial Acquisitions ...
ABV Exam Questions with 100% Correct
Answers 2024/2025
Standard of Value: Estate and Gift - ANSWERSFMV
Standard of Value: Inheritance Taxes - ANSWERSFMV
Standard of Value: Ad Valorem Taxes - ANSWERSFMV
Standard of Value: ESOPs - ANSWERSFMV
Standard of Value: Financial Acquisitions - ANSWERSFMV
Standard of Value: Stockholder Disputes - ANSWERSFair value
Standard of Value: Corporate or Partnership Disssolutions - ANSWERSFair value
Standard of Value: Going Private - ANSWERSFair value
Standard of Value: Strategic Acquisitions - ANSWERSInvestment Value
Standard of Value: Buy-Sell Agreements - ANSWERSWhatever parties agree to
Standard of Value: Marital Dissolutions - ANSWERSState law
At a minimum, the valuation analyst should consider the following when determining whether he can
reasonably expect to complete the valuation engagement with professional competence - ANSWERS1.
Subject Entity
, 2. Subject Interest
3. Valuation Date
4. Scope of the Engagement
5. Standard of Value (FMV or FV)
6. Premise of Value (Going concern or liquidation)
7. Government regulations
What committee promulgated VS Section 100? - ANSWERSThe Consulting Services Executive Committee
of the AICPA
What is another professional standard valuation analysts need to be aware of in addition to VS Section
100? - ANSWERSAny Governmental regulations and;
Statement on Standards for Consulting Services (CS Sec 100)
In the process of estimating value as part of an engagement, the valuation analyst applies valuation
_________ and valuation ___________ - ANSWERSApproaches, methods
What are examples of exceptions to applying valuation approaches and valuation methods under VS
Section 100? - ANSWERS1. Performing an attest (audit) engagement
2. When the value of a subject interest is provided by a 3rd party
3. Internal use assignments from employers to employee members not in public practice
4. Engagements that are exclusively for the purpose of determining economic damages (i.e., lost profits)
5. Mechanical computations that do not rise to the level of an engagement
6. JURISDICTIONAL EXCEPTIONS
What is under the "General Standards Rule" within VS Section 100? - ANSWERSA member shall
undertake only those professional services that the member or the member's firm can reasonably expect
to be completed with professional competence
In determining whether the valuation analyst can reasonably expect to complete the valuation
engagement with professional competence, the analyst should consider at a minimum: - ANSWERS1.
Subject entity and industry
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