NO.PZ2018103102000099
问题如下:
Which of the following situations are most appropriate for a residual income model to be used?
Situation 1: Company A`s dividends payment is unpredictable.
Situation 2: Company B will report significant departures from clean surplus accounting.
Situation 3: Company C will generate positive and fairly predictable free cash flows.
选项:
A.Situation 1
B.Situation 2
C.Situation 3
解释:
A is correct.
考点:Residual income model.
解析:Residual income model适用于没有分红,或者分红的现金流波动很大且不好预测的公司。
有一点不是很懂,虽然关于适用场景讲义有讲,可是在利用clean surplus relation时也得减去分红,如果分红不可预测那各年初BV岂不是无法计算