1. All of the following is always true about valuation date EXCEPT:

   	a.	The valuation date is the same as the date of the valuation report produced
   	b.	The valuation date should be specifically defined at the time of engagement
   	c.	Only information that is known or knowable as of the specific valuation date should be incorporated into a business valuation
   	d.	It is generally easiest if the valuation date coincides with the date of the companys reported financial statements