Free NACVA CVA Exam Questions

Become NACVA Certified with updated CVA exam questions and correct answers

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Total 253 Questions | Updated On: Mar 25, 2025

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Question 1

Any Buy-Sell agreement, restrictions, or other similar factor relating to the right to use or sell the property will be ignored for estate gift, and generation skipping tax purposes unless the agreement meets any of the following test EXCLUDING:

A : is a bona fide business arrangement

B : must be a device to transfer the property to the natural objects of the transferor's bounty (such as family members) for less than adequate and full consideration in money or money's worth

C : terms must be comparable to similar arrangements entered into by persons in an arm's length transaction

D : is a key player in Buy-Sell arrangements

Answer: D

Question 2

There is a general consensus among appraisers that there is little or no difference in controlling interest market values between S corporations and C corporations under most circumstances, and that any difference depends on:

A : nding a seller that there may be differences in value at the shareholder level for noncontrolling interests.

B : nding a buyer that there may be differences in value at the shareholder level for noncontrolling interests.

C : nding a dealer that there may be differences in value at the shareholder level for non- controlling interests.

D : nding a broker that there may be differences in value at the shareholder level for non- controlling interests.

Answer: B

Question 3

Since the use of the extraordinary designation is so restrictive, obviously many items do not meet the strict definition for accounting purposes but nevertheless should be regarded as nonrecurring for analytical purposes. Some examples of such items would be all of the following EXCEPT:

A : ins or losses on the sale of assets

B : ins or losses on disposition of a segment of the business

C : ite-offs and other expenses related to an acquisition

D : fects of normal price fluctuations

Answer: D

Question 4

The analyst used __________ to quantify the value of intangible assets. The analyst estimated the current cost required for the company to recreate its current level of customer awareness, brand recognition and consumer loyalty.

A : et accumulation method

B : come approach

C : creation cost method

D : luing intangibles method

Answer: C

Question 5

When is the guideline merged and acquired company method most useful?

A : initial value derived from the guideline merged and acquired company method, before adjustment for factors such as size of subject block and degree of marketability, is an indication of transaction prices of major ownership interest, usually controlling ownership interests.

B : en same acquisition target has different buyers both due to perception and reality

C : the time of achieving synergies

D : estimation of enterprise value

Answer: A

Page: 1 / 51

Total 253 Questions | Updated On: Mar 25, 2025

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