Which of the Following Is Needed by a Client While

question 17

Multiple Choice

Which of the following is needed by a client while estimating fair value?

• A)A systematic process to identify each asset that is subject to realizable value or at cost.
• B)A process to identify relevant historical values.
• C)An analysis of whether the organization has the ability to hold the asset to maturity and whether the decline in value is permanent.
• D)A realistic process to estimate future cash flows to discount back to a present value.

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Definitions:

Crime

A wrong against society proclaimed in a statute and punishable by society through fines and/or imprisonment—or, in some cases, death.

White-Collar Crime

Nonviolent crime committed by individuals or corporations to obtain a personal or business advantage.

Illegal Act

An action that is forbidden by law, regulation, or statute, leading to legal penalties if committed.

Business Advantage

An edge or benefit that one company has over its competitors, leading to greater sales or profits.