Practice Quiz

Forensic Accounting

Category - Specialized Forensic Knowledge

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Which of the following is NOT a standard of value?
  1. Fair market value
  2. Intrinsic value
  3. Extrinsic value
  4. Investment value
Explanation
Answer: C - Extrinsic value is not a standard of value. Fair market value, intrinsic value, and investment value are the commonly used standards of value.
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