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ABV Exam Questions with 100% Correct Answers 2024/2025
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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 ...

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  • September 9, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • abv exam questions with 100 correct answers 2024

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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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