Most Recent NACVA CVA Exam Dumps

Prepare for the NACVA Certified Valuation Analysts exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the NACVA CVA exam and achieve success.

The questions for CVA were last updated on Jan 27, 2025.

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Question No. 1

Estate taxes become a problem only to the extent that:

AThe estate's value exceeds the amount exempted from estate taxes

BThe estate's value does not exceed the amount exempted from estate taxes

CEstate's value exceeds the amount separated from funding

DEstate's value becomes equal to the amount separated from funding

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Correct Answer: A

Question No. 2

Fair market value is defined as the price at which the property would change hands between a willing buyer and a willing seller when:

AParallel regulation is there

BParties have sufficient knowledge base

CNeither is under any compulsion to buy, or to sell, both parties having reasonable knowledge of the facts

DCourts have final jurisdiction over tax matters

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Correct Answer: C

Question No. 3

If the language of the relevant agreements indicates that minority block of stock will be valued on a controlling ownership interest level of value, a full lack of control discount will not apply to the transactions to which the provision is applicable. For example:

AThe agreement may say that the subject shares will be valued ''on an enterprise basis'' or as ''a per share portion of the over all company value.''

BA lack of control discount must be applicable to over all business value

CLack of control discount may not be inflated due to influences of ownership control

DSome of the benefits of ownership control are lost due to public disclosure

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Correct Answer: D

Question No. 4

Statutory law

Case law

Administrative rulings

Company documents

Contracts between parties precedent established by prior transactions Legal documents. These are some of the most important sources of guidance as to:

AThe applicable standard and premises of value for the given situation.

BThe appraiser's experience and judgment.

CThe selection of appropriate premise

DThe value of the same business enterprise

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Correct Answer: A

Question No. 5

The sales comparison approach is based on the economic principles of:

AEfficient markets

BSpecial financing and other terms regarding each sales transactions

CAge of each property

DSupply and demand

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Correct Answer: A, D

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