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Forensic Accounting

Category - Specialized Forensic Knowledge

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What is fair market value?

An estimate
A guess
A principle
None of the above

Explanation

Answer: A - Fair market value is an estimate made by investors when assessing property. An estimate differs from a guess in that evaluation and thought process goes into making it. In contrast, a guess is made on a random basis.

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Forensic Accounting

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Forensic Accounting

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