Which of the following is included in the first step of the valuation process?
A) issuing the valuation report
B) analyzing the company's financial statements
C) selecting and applying a valuation approach
D) qualifying the ownership interest to be considered

Question

Quizplus · Accepted Answer

The first step of the valuation process is to qualify the ownership interest to be considered. This involves determining the type and level of ownership interest to be valued, as well as any restrictions or limitations that may apply. Analyzing the company's financial statements and selecting and applying a valuation approach occur later in the valuation process. Issuing the valuation report is the final step.

Which of the Following Is Included in the First Step