Author Question: Which of the following is the foremost professional organization for the business valuation ... (Read 50 times)

jwb375 · **on:** Jul 6, 2018

Which of the following is the foremost professional organization for the business valuation discipline?

A) the National Society of Business Appraisers
B) the American Association of Business Valuators and Appraisers
C) the American Society of Appraisers
D) the National Association of Certified Valuators and Analysts

Question 2

The Income Summary account has an 8,000 credit balance prior to being closed to the owner's Capital account. The owner's Capital account had a 32,000 beginning balance and a 36,500 ending balance. Determine the amount of the owner's drawing during the current period.
a. 8,500
b. 3,500
c. 2,500
d. 4,500
e. 8,000

jaykayy05 · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

D
Explanation: D) The National Association of Certified Valuators and Analysts (NACVA) is the foremost professional organization for the BV discipline.

Answer to Question 2

b