ABV 試験問題を無料オンラインアクセス

In general, the use of life insurance can fulfill all of the following basic needs EXCEPT:

• A.Liquidation of the stock of a disabled stockholder, either by the corporation or by other stockholder
• B.Minimum interest rate based on U.S. Treasury rates
• C.Payment of estate taxes
• D.Provision for continuity of the business after loss of a key person

If the market-determined yield to maturity for a debt security is equal to the security's coupon interest rate, the security's fair market value is equal to its face or par value.

• A.False
• B.True

The market approach, income approach, and asset approach, or a combination of these, are all used to value marital property, but the courts seem to be leery of:

• A.Evidence of sale of comparable practice'
• B.New approaches and old approaches that have not gained wide acceptance in the valuation community.
• C.New approaches that have not gained wide acceptance in the valuation community.
• D.New approaches that have gained wide acceptance in the valuation community.

It is advisable to emphasize that in the valuation of the stock of closely held corporations or the stock of corporations where market quotations are either lacking or too scarce to be recognized, all available financial data, as well as all relevant factors affecting the market value should be considered. The following factors, although not all-inclusive are fundamental and require careful analysis in each case EXCEPT:

• A.The economic
  outlook in general
  and the
  condition and outlook of the specific industry in particular
• B.The earning capacity of the company
• C.The nature of the business and the history of the enterprise from its inception
• D.The income-tax paying capacity of the company

The
most frequently encountered reasons
for
needing
to value debt securities
are the following EXCEPT:

• A.Adjusting an equity statement owned or owed
• B.Allocating total enterprise value among classes of securities in a leverages buyout, recapitalization (including)
• C.Exchange of equity for debt, or vice versa
• D.Purchase or sale for cash