Question

When might VS section 100 apply to a CPA’s work in a bankruptcy proceeding?

Answer 1

VS means valuation of services. Main purpose of valuation of services revalued of the assts of the business. Vs 100 include the valuation og business, business ownership interest and intangible assts .CPA means certified public accountant.

Accountant often various type of issue as part of report in the area of bankruptcy or insolvency. bankruptcy is the situation when the debts of the bank more then the Assets of the bank. valuation of services include the new business plan. many of reports classified by the accountant. valuation of all assts and liabilites by the accountant. valued all assts and liabilites on the fair market value and report issued by the accountant and lunch new strategy adopted for the setoff the liabilites .