Online Access Free CVA Exam Questions

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

• A.Fair market value on a nonmarketable, non-controlling ownership interest basis.
• B.Control or minority valuation basis (not necessarily a black-and-white issue _there may be elements of control without absolute control
• C.Degree of marketability
• D.Fair market value

As with any secondary sources, errors and inconsistencies occur, so the original source documents are the only guarantees of absolute accuracy as a source of merger and acquisition data. Which one of the following is NOT out of those original source documents?

• A.Buyouts, published every other week by securities data publishing
• B.The merger yearbook
• C.Financial reports
• D.Mergerstat Review

There are some allowable methods for determining the basis of property received in exchange for other property. Which of the following is/are out those methods?

• A.The basis is the fair market value of the property when its is received
• B.The basis is the fair market value of the property exchanged for it, increased by any payments made or decreased by any payments received, when the two properties are of unequal value
• C.Income basis of tax on the property
• D.If a taxpayer receives property for services, then the original basis of the property when it is received is its original price

One way or the other, the financial benefits of ownership of an
interest in a business enterprise must come from the following sources EXCEPT:

• A.Loan/Debt
• B.Dividends, distributions, or other type of cash flow a) From operations, or b) From investments (e.g. interest)
• C.Liquidation or hypothecation of assets
• D.Sale of interest

"In computing the book value per share of stock, assets of the investment type should be revalued on the basis of their market price and the book value adjusted accordingly." This statement explains:

• A.Revenue ruling
• B.restrictive agreements
• C.Weight to be accorded various factors
• D.Average factors