ABV無料問題集「IFPUG Accredited in Business Valuation (ABV)」

質問 1

What is defined as the sum of cash and cash equivalents plus receivables divided by current liabilities?

（A）Liquidity ratio

（B）Turnover ratio

（C）Acid-test ratio

（D）Inventory ratio

正解：C 解答を投票する

質問 2

A unique feature of Merger stat/Shannon Pratt's control premium study is a transaction code by type of transaction. i.e.:

（A）C-Control and control risk H- Hedging F- Financial V-Vulnerability

（B）F- Financial H-Horizontal integration V-Vertical integration C-Conglomerate

（C）F- Funds H- Horizontal value V- Vertical value C- Control value

（D）F-Financial H-Hedged Value V- Vertical integration C- Corporations

正解：B 解答を投票する

質問 3

The general purpose of is to aid in making some quantifiable assessments of the long-term solvency of the business and its ability to deal with financial problems and opportunities as they arise.

（A）Balance sheet leverage ratio

（B）Liquidity ratios

（C）Both A and B are same

（D）Capital Structure

正解：C 解答を投票する

質問 4

is computed by reverse re-engineering the price of a publicly traded option on the same underlying stock. This is the one when used in the Black-Scholes model along with the other
four known variables results in a calculated
value that matches the market price of the publicly traded options.

（A）Volatility of closely held companies

（B）Implied price volatility

（C）Historical price volatility

（D）Both A& C

正解：B 解答を投票する

質問 5

The base from which the control premium is measured is called:

（A）Public customized value

（B）Liquidity business value

（C）Publicly-traded equivalent value

（D）Premium controlled value

正解：C 解答を投票する

質問 6

If the language of the relevant agreements indicates that minority block of stock will be valued on a controlling ownership interest level of value, a full lack of control discount will not apply to the transactions to which the provision is applicable. For example:

（A）The agreement may say that the subject shares will be valued "on an enterprise basis" or as "a per share portion of the over all company value."

（B）A lack of control discount must be applicable to over all business value

（C）Some of the benefits of ownership control are lost due to public disclosure

（D）Lack of control discount may not be inflated due to influences of ownership control

正解：C 解答を投票する

質問 7

The remainder interest is valued:

（A）By sale of a private annuity

（B）By self-canceling installment note

（C）By taking the security's appraised fair market value and discounting it to a present value under the IRS actuarial tables based on seller's projected remaining life.

（D）By taking the security's appraised fair market value and discounting it to a present value under the IRS actuarial tables based on seller's projected remaining life.

正解：C 解答を投票する

質問 8

The
value to some
particular
owner or potential owner, is found most often
in the contexts of mergers and acquisitions and in family law disputes is called:

（A）Premium value

（B）Fair value

（C）Compound value

（D）Investment value

正解：D 解答を投票する

質問 9

When preparing a business valuation for reorganization proceedings under bankruptcy statues, the parties will frequently rely on .

（A）Reengineering of valuation procedures

（B）Ownership of assets

（C）Enterprise value

（D）Capitalization of anticipated cash flow

正解：D 解答を投票する

質問 10

The extent to which the valuation multiples are tightly clustered or widely dispersed tends to indicate the extent to which the market focuses on that particular valuation multiple in pricing companies in the particular industry is known as:

（A）Market Acquisition Model

（B）Liquidity Ratio Analysis

（C）None of the above

（D）Apparent Market Reliance

正解：D 解答を投票する

質問 11

Net-working capital is defined as:

（A）Current assets minus current liabilities

（B）Current assets divided by current liabilities

（C）Fixed assets minus fixed liabilities

（D）Fixed assets divided by fixed liabilities

正解：A 解答を投票する

質問 12

The advantages of having a formal, independent outside appraisal, kept current with periodic updates are many. From a business planning perspective, the typical strong (management/ownership relationship) in a closely held business often requires a valuation study in order to support:

（A）Business directions and investments alternatives

（B）Various ownership strategies

（C）Professionally prepared approvals

（D）Acceptable valuation philosophy

正解：A、B 解答を投票する

質問 13

To present data in conformance with Generally Accepted Accounting Principles (GAAP)
and any industry accounting principles to eliminate nonrecurring items is called:

（A）Enterprise Adjustments

（B）Perspective Accounting

（C）Inventory Accounting

（D）Normalizing Adjustments

正解：D 解答を投票する

質問 14

"Tag along rights" are Buy-Sell agreements which:

（A）Both A& B

（B）Allow the issuer first priority to buy the interest and other stockholders or partners the second-place option to buy

（C）Often call for the sales of interest on the same terms if the controlling owner sells

（D）Have become more common these days

正解：A 解答を投票する

ABV 無料問題集「IFPUG Accredited in Business Valuation (ABV)」

弊社を連絡する

関連リンク

トップ試験