NACVA CVA Exam Actual Questions

The United State is by far the world leader in markets for both publicly traded securities and closely held businesses and business interests. Two factors have combined to accelerate the spread of U.S technology in financial appraisals and market throughout the world. Which of the following is/are of those factors?

Correct Answer: AB 🗳️

When specifying, who is to provide the valuation services, the important distinction is whether the client is retaining the appraisal firm itself or the individual appraiser employed by the firm. The common practice is:

Correct Answer: B 🗳️

S corporations, limited liability corporations, limited liability partnerships, family limited partnerships, professional corporations, real estate investment trust, investment companies registered under the investment company act of 1940 and personal holding companies are the examples of:

Correct Answer: C 🗳️

The definition of specific business interest can be broken down into two broad questions:
1)-Is the valuation to be a valuation of assets or a valuation of securities?
2)-In either case, exactly what assets or what securities are subject to valuation? By securities in above context, we mean:

Correct Answer: B 🗳️

Valuation of ___________must be specified. For example, the assignment might include language such as" ...engaged to estimate the fair market value of the fixed assets, inventory, and goodwill, on a going-concern basis of..."

Correct Answer: A 🗳️