Explore Fresh NACVA CVA Questions Bank For Smart Prep

Vendor:	NACVA
Exam Name:	Certified Valuation Analysts
Registration Code:	CVA
Related Certification:	NACVA Certified Valuation Analyst Certification
Exam Track:	NACVA Analyst
Exam Audience:

Question: 1

Stockholders' privilege to subscribe to new issues of voting stock, usually the common stock or securities convertible into voting stock, usually the common stock or securities convertible into voting stock, before such offerings are made to non stockholders. This is called:

AA privileged subscription right

BA preemptive right

CNon-disclosure status

DPre-offering status

Question: 2

If there are five directors to be elected, and 500 shares are outstanding and voting for the election of directors, the minimum number of shares necessary to elect one director would be 84 shares. Proof: 84 shares time five directors to be elected equals 420 votes, all cast for one director. Assuming the rest of the stock (416 shares) votes en bloc as the majority, such total of 2,080 votes distributed among five directors would be 416 votes each. Therefore, ndividual representing the minority and receiving its 420votes is sure to get one of the places on the board, the majority getting the other four places. The minority in this example must be sure to vote all of its 420 votes for one director; if it distributed the 420 votes among two, it obviously would not win any places on the board. Cumulative voting, move over, requires a majority of the stock to be able to elect a majority of the board. In the above example, five directors, ______________ shares are necessary, or a majority of the _____________ shares total.

A200, 400

B150, 300

C251, 500

D249, 500

Question: 3

According to the American institute of Certified Public Accountants (AICPA), the term financial statement refers to:

A''A presentation of internal accounting data, derived from accounting records and intended to communicate any entity's economic resources or obligations at a point in time or the changes therein for a period of time in conformity with a comprehensive basis of accounting.''

B''A presentation of financial data, including accompanying notes, derived from accounting records and intended to communicate any entity's economic resources or obligations at a point in time or the changes therein for a period of time in conformity with a comprehensive basis of accounting.''

C''A presentation of financial data, including accompanying notes, derived from accounting records and intended to communicate any entity's financial resources or obligations at a point in time or the changes therein for a period of time in reality with a brief basis of accounting.''

D''A presentation of financial data, including accompanying notes, derived from accounting records and obligations at a point in time or the changes therein for a period of time in conformity with a comprehensive basis of accounting.''

Question: 4

A major issue in many fair value cases is:

AWhether or not discounts and/or premiums are applicable

BLack of control

CLack of marketability

Dlack of ownership control premiums under certain specific circumstances.

Question: 5

Virtually, all businesses or interests in businesses may be appraised under some alternatives premises of value. Which of the following is not out of those premises?

AValue as a going concern

BValue as an assemblage of assets

CValue as an orderly disposition

DValue as a sudden liquidation

Important NACVA Exam Questions

NACVA Certified Valuation Analysts CVA Exam