Which of the Following Is True of the Standards of Value

Multiple Choice

Which of the following is true of the standards of value used in business valuation?

A) The fair value proposes a hypothetical sale in an open and unrestricted market.
B) The investment value is often used in dissenting minority interest litigation.
C) The book value of a business rarely represents its fair market value.
D) The fair market value is usually greater than the investment value.