CVA 무료 덤프문제 온라인 액세스

Any Buy-Sell agreement, restrictions, or other similar factor relating to the right to use or sell the property will be ignored for estate gift, and generation skipping tax purposes unless the agreement meets any of the following test EXCLUDING:

• A.It must be a device to transfer the property to the natural objects of the transferor's bounty (such as family members) for less than adequate and full consideration in money or money's worth
• B.It is a bona fide business arrangement
• C.It is a key player in Buy-Sell arrangements
• D.Its terms must be comparable to similar arrangements entered into by persons in an arm's length transaction

Beta is a factor used to measure:

• A.Equity risk premium
• B.Unsystematic risk
• C.Impact of size effect on risk
• D.Systematic risk

In many instances, value considerations are tempered by internal variables, often variables relative to specific shareholding as opposed to the company as a whole. Which of the following is NOT out of such variables?

• A.Size of the subject interest (reflecting not only magnitude but control issues)
• B.Legal proceedings related to ownership or management prerequisites.
• C.Restrictive provisions affecting ownership rights
• D.The right to vote and to impact the direction of the business

A control owner or potential owner might make control adjustments, but a minority owner, generally, could not force the same changes. Therefore, control adjustments normally would be made only in the case a controlling interest valuation, unless there was reason to believe that the changes were imminent and probable. These include all of the following EXCEPT:

• A.Elimination of operations involving company insiders (e.g. employment, non-market- rate leases)
• B.Excess or deficient compensation and perquisites
• C.Discounted operations
• D.Gains, losses or cash realization from sale of excess assets

An intangible's deficiencies are considered curable when the prospective economic
benefit of enhancing or modifying it exceeds the current cost (in terms of material, labor,
and time) to change it. An intangible's deficiencies are considered incurable when: