Practice NACVA CVA Exam Questions

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:

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:

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:

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...”

Which one of the following is NOT always clearly defined? Therefore, if the term is used, it should be supplemented by a definition of exactly what it means in the given valuation context.