Which of the Following Is NOT a Limitation of the Liquidation

question 28

Multiple Choice

Which of the following is NOT a limitation of the liquidation valuation approach?

• A)It leads to imprecise estimates.
• B)The resulting value estimates are not forward-looking.
• C)The estimates change frequently and require constant updating.
• D)All of these are limitations of the liquidation valuation approach.

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Definitions:

Revocation

The official cancellation or withdrawal of a decree, decision, or promise.

Executor

An individual appointed by a testator to carry out the terms of their will.

Intestate

Referring to dying without a legal will, resulting in the distribution of the estate according to state laws.

Per Stirpes

a legal term indicating a method of distributing an estate where descendants inherit a deceased beneficiary's share in an estate.