Certified Valuation Analyst

Here you have the best NACVA CVA practice exam questions

You have 251 total questions to study from
Each page has 5 questions, making a total of 51 pages
You can navigate through the pages using the buttons at the bottom
This questions were last updated on January 3, 2026
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Question 1 of 251

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?

Rapidly increasing international flow of capital

Growing privatization of formerly socially owned businesses in almost every country of the world.

Increased inflation in major parts of the world

Secondary market securities trading phenomenon

Correct Answer: A, B

Question 2 of 251

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:

To retain the individual appraiser rather than the firm

To retain the firm rather than individual appraiser, even though the expert witnesses testify based upon their individual expertise and opinions

To retain the individual since the firm is responsible for completing the assignment regardless of impairment the individual’s capability to perform the work

To retain firm as such practice also tends to provide discontinuity in retention of working papers and related records, marking them accessible if they are

Correct Answer: B

Question 3 of 251

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:

General and limited partnerships

Cooperatives

Entities’ structures giving rise to special legal or tax considerations (specified structure)

Companies following valuation standards

Correct Answer: C

Question 4 of 251

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:

Ownership interests; such as marketable securities and commercial papers

Ownership interests; such as stock, depth and partnership interests

Partnership interests

Equity or invested capital

Correct Answer: B

Question 5 of 251

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..."

Assets

Securities

Cooperatives

Partnerships

Correct Answer: A