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Basic Question 2 of 2
Which statement(s) is (are) true? The asset-based approach:
II. cannot be used to value intangible assets.
I. may be appropriate for companies that are worth more in liquidation than as a going concern.
II. cannot be used to value intangible assets.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe the asset-based approach to private company valuation;
CFA® 2025 Level II Curriculum, Volume 4, Module 25.