ASA BV201 BUNDLED EXAMS |VERIFIED |CORRECT ANSWERS

Principle of Substitution - correct answer a prudent buyer will pay no more for a property than it would cost to acquire a substitute property with the same utility How is a Fairness Opinion different than a FMV? - correct answer A Fairness Opinion goes further than a FMV by assessing whether a t...

Order of risk of the right side of the balance sheet - correct answer All debt needs to be paid off before equity holders receive anything (in order of riskiness): -Common Equity -Preferred Equity -Long Term Debt -Short Term Debt Non-operating assets - correct answer Assets that are not and w...

Business Appraisal Profession - correct answer 1) entire firms specializing in business appraisal 2) departments of firms primarily doing other things, such as CPA firms, banks, and multidisciplinary firms 3) part-time practitioners Business appraiser services - correct answer 1) An objective and...