NACVA Certified Valuation Analysts Exam Practice Test

No deduction is allowed for any charitable contribution of ________ or more unless the taxpayer substantiates the contribution by a contemporaneous written acknowledge from the donee organization of the contribution.

1. Direct capitalization

2. Yield capitalization

These above are the two categories of valuation methods under:

When using the elements of both the asset accumulation method and the capitalized earnings method in the same valuation, the analyst should pay particular attention to the selection of:

The determination of which asset-based method to use in a given valuation engagement should be a function of all of the following EXCEPT:

Most analysts agree that one of the most important factors in the estimation of the direct capitalization rate for the excess earnings is the perceived persistence of the excess earnings. The longer the time period and the greater the uncertainty of the expectation of excess earnings, the __________the direct capitalization rate.

Life insurance can serve as an important source of funding for stock purchase agreements pertaining to decreased shareholders. The advantages of using life insurance for the purpose are several. Which of the following is NOT out of such advantage?

If the seller is in a low tax bracket and the buyer in a high one, it may be advantageous to: