Free CVA Exam Questions - Easiest Way for Success

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Total 253 Questions | Updated On: Sep 13, 2024

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Question 1

The analyst should be curious about the proprietary products and services, especially:

A : Benefits attributable to brand name, trademarks copyrights or patents

B : Favorable supplier contracts

C : The unique characteristics that generate a comparative advantage over their competition

D : Intangible assets

Answer: C

Question 2

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 : It is a bona fide business arrangement

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

D : It is a key player in Buy-Sell arrangements

Answer: D

Question 3

The primary ownership interest characteristics that need to be addressed in almost every business valuation are the following EXCEPT:

A : Control or minority valuation basis (not necessarily a black-and--white issue ____there may be elements of control without absolute control

B : Degree of marketability

C : Fair market value

D : Fair market value on a nonmarketable, non-controlling ownership interest basis.

Answer: C,D

Question 4

_________ is the value to some particular owner or potential owner, is found often in the context of mergers and acquisitions and in family law disputes

A : Marketable value

B : Control Value

C : Investment value

D : Strategic Control value

Answer: C

Question 5

Several factors influence __________________, particularly:

1. The proximity of the valuation date to the fiscal year-end

2. The quality of the interim statements

3. The importance of seasonality to the subject company

4. The extent to which information in interim statements is likely to affect the affect the conclusion

A : Usefulness of interim statements

B : Financial schedules

C : Federal tax returns

D : Audited statements

Answer: A

Page: 1 / 51

Total 253 Questions | Updated On: Sep 13, 2024

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