Câu 17: CVA: Certified Valuation Analyst

"When earnings have once been "realized", so that they can be expressed with some approach to accuracy in the company’s accounts, they are already water under the mill and have no direct bearing on what the property in question is now worth. Value, under any plausible theory of capitalized earning power is necessarily forward looking. It is an expression of the advantage that an owner of the property may expect to secure from the ownership in the future. The past earnings are therefore beside the point, save as a possible index of future earnings". This statement correctly expresses:

1. A. Realized earnings
2. B. Enterprise value
3. C. Realized earning verses prospective earnings — đáp án hiện tại
4. D. Prophesied gross and net earnings