The fair value of a property dividend should NOT be determined by
A) estimated realizable values in cash transactions involving similar assets.
B) quoted market prices.
C) independent appraisals.
D) arbitrary values assigned by the Board of Directors.

Question

Quizplus · Accepted Answer

Fair value should be based on objective and reliable measures, such as estimated realizable values, quoted market prices, or independent appraisals. Arbitrary values assigned by the Board of Directors would not meet these criteria and could potentially be biased or subjective.

The Fair Value of a Property Dividend Should NOT Be