ABV 試験問題を無料オンラインアクセス

The amount of detail desired in the inventory list varies from one appraisal to another,
depending upon:

• A.To the extent to which inventory accounting methods vary within particular industry
• B.The amount of inventory data to be gathered
• C.The company's write-down value
• D.The inventory's importance to the valuation conclusion

are normally more valuable than minority shares because they contain a bundle of rights that minority shares do not enjoy.

• A.Symergistic value
• B.Stock market value
• C.Control shares
• D.Strategic control

In cases, the valuation date itself is an issue to be resolved by the court. In such situations,
the appraiser
must be prepared to address the valuation as of several dates, sometimes without knowing which date the court determined to be relevant until after the judgment is rendered. Since the choice of valuation date in such cases is a legal matter.

• A.Estate tax cases
• B.Cooperatives
• C.Litigated cases
• D.Enterprise value identification cases

The instances and factors contributing to in adequate valuations for tax purposes by both taxpayer and IRS experts could easily fill an entire book of this size. Some of the most common inadequacies are the following EXCEPT:

• A.Inadequate selection and/or analysis/explanation of selected (e.g. pricing multiples, discount/capitalization rates, discounts/premiums)
• B.The valuation is out of date
• C.Lack of site visits and/or management interviews
• D.Unsuccessful Daubert challenges

Bishop and Schroeder make the point that lack of marketability discounts should be recognized, just as they are in Tax Court, because one spouse usually gets liquid assets while the other spouse lacks:

• A.The flexibility and safety of being able to "cash out" readily at the owner's option
• B.Underlying principles that are much more consistent and broadly accepted
• C.Such flexibility
• D.the mode of payment as it is the exchange of interests in the marital assets