BV201 ASA EXAM WITH ALL CORRECT & 100% VERIFIED
ANSWERS |ACTUAL COMPLETE EXAM|ALREADY GRADED A+
1. what does equity consist of? Paid-in capital in the form of preferred or
common stock
Preferred stocks
return on investment
Retained earnings
2. equity of the business the owners' interest in the property after
de- ductions are made for all liabilities.
3. Invested capital sum of the stockholder's equity or
partner's capital and the interest-
bearing debt
4. why is invested capital important? allows us to compare one company to
anoth-
er, or have an abnormal capital structure
5. Value Perception of the future usefulness or
utility (the benefits) of the subject being
appraised.
6. 4 standards of value Fair market
value
Investment
value Fair
value
Intrinsic value
7. 7 factors of Fair market value we Presumed ownership change at a
must consider specific date
Hypothetical willing buyer, willing seller
No compulsion to transact on either
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, BV201 ASA EXAM WITH ALL CORRECT & 100% VERIFIED
ANSWERS |ACTUAL COMPLETE EXAM|ALREADY GRADED A+
party's part
Reasonable knowledge by both parties Cash or
cash equivalent price
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, BV201 ASA EXAM WITH ALL CORRECT & 100% VERIFIED
ANSWERS |ACTUAL COMPLETE EXAM|ALREADY GRADED A+
Transaction costs not included
Generally assumed to include a
covenant not to compete. However, this
can be somewhat controversial in some
jurisdictions.
8. Revenue Ruling 59-60 highlights
8 key items Nature of the business and history
of the enterprise since its inception
The economic outlook in general and
the condition and outlook of the specific
industry in particular
The book value of the stock and the
financial condition of the business
The earning capacity of the
company The dividend paying
capacity
Whether or not the enterprise has
goodwill or other intangible value
Sales of the stock and size of the block of
stock to be valued
The market price of the stocks of
corporations engaged in the same or a
similar line of busi- ness having their
stocks actively traded in a free and
open market, either on an exchange or
over-the-counter
9. True or false: FMV does not include strate- true
gic value
10. exception when strategic value is includ- ed in FMV?
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36
, BV201 ASA EXAM WITH ALL CORRECT & 100% VERIFIED
ANSWERS |ACTUAL COMPLETE EXAM|ALREADY GRADED A+
11. Fair value has two different all investors are synergistic companies
contexts:
4/
36
ANSWERS |ACTUAL COMPLETE EXAM|ALREADY GRADED A+
1. what does equity consist of? Paid-in capital in the form of preferred or
common stock
Preferred stocks
return on investment
Retained earnings
2. equity of the business the owners' interest in the property after
de- ductions are made for all liabilities.
3. Invested capital sum of the stockholder's equity or
partner's capital and the interest-
bearing debt
4. why is invested capital important? allows us to compare one company to
anoth-
er, or have an abnormal capital structure
5. Value Perception of the future usefulness or
utility (the benefits) of the subject being
appraised.
6. 4 standards of value Fair market
value
Investment
value Fair
value
Intrinsic value
7. 7 factors of Fair market value we Presumed ownership change at a
must consider specific date
Hypothetical willing buyer, willing seller
No compulsion to transact on either
1/
36
, BV201 ASA EXAM WITH ALL CORRECT & 100% VERIFIED
ANSWERS |ACTUAL COMPLETE EXAM|ALREADY GRADED A+
party's part
Reasonable knowledge by both parties Cash or
cash equivalent price
2/
36
, BV201 ASA EXAM WITH ALL CORRECT & 100% VERIFIED
ANSWERS |ACTUAL COMPLETE EXAM|ALREADY GRADED A+
Transaction costs not included
Generally assumed to include a
covenant not to compete. However, this
can be somewhat controversial in some
jurisdictions.
8. Revenue Ruling 59-60 highlights
8 key items Nature of the business and history
of the enterprise since its inception
The economic outlook in general and
the condition and outlook of the specific
industry in particular
The book value of the stock and the
financial condition of the business
The earning capacity of the
company The dividend paying
capacity
Whether or not the enterprise has
goodwill or other intangible value
Sales of the stock and size of the block of
stock to be valued
The market price of the stocks of
corporations engaged in the same or a
similar line of busi- ness having their
stocks actively traded in a free and
open market, either on an exchange or
over-the-counter
9. True or false: FMV does not include strate- true
gic value
10. exception when strategic value is includ- ed in FMV?
3/
36
, BV201 ASA EXAM WITH ALL CORRECT & 100% VERIFIED
ANSWERS |ACTUAL COMPLETE EXAM|ALREADY GRADED A+
11. Fair value has two different all investors are synergistic companies
contexts:
4/
36
