Page 1 of 564
CVA (CERTIFIED VALUATION ANALYST) EXAM
TEST BANK QUESTIONS AND ANSWERS |
VERIFIED AND WELL DETAILED ANSWERS |
DOWNLOAD AND PASS | LATEST EXAM
UPDATE 2026/2027
Assuming that Chianti Corp reported annual sales of
$100,000, Cost of Goods sold of $65,000, its Average
Receivables are $5,600, its Average Inventories is $3,800,
and its Average Payables are $5,700. What is Chianti's
Inventory Turnover? Average Inventory Processing Period?
a. 12.4, 29.4
b. 26.5, 13.8
c. 17.11, 21.3
d. 13.4, 27.2
c. 17.11, 21.3
,Page 2 of 564
Non-tax related valuations include:
a. Allocations of lump-sum purchase price
b. Estate tax
c. Employee Stock Ownership Plan (ESOP)
d. None of the above
d. None of the above
The primary reason normalization adjustments are made
is due to the fact that:
,Page 3 of 564
a. The financial statements can reflect entries that are not
indicative of the true economic condition or potential of
the enterprise.
b. The financial statements can reflect entries that the
owner would not want disclosed to the buyer. c. The
financial statements can reflect entries that are not
Generally Accepted Accounting Principles (GAAP) based.
d. To remove interest, taxes, and depreciation, and
amortization in order to calculate earnings before interest,
taxes, depreciation, and amortization (EBITDA).
a. The financial statements can reflect entries that are not
indicative of the true economic condition or potential of
the enterprise.
In an inflationary period, the last in first out (LIFO) method
of costing inventory better reflects economics from a
balance sheet standpoint.
, Page 4 of 564
a. True
b. False
b. False
An analyst should consider industry/market trends when
conducting a lost profits analysis
a. True
b. False
a. True
CVA (CERTIFIED VALUATION ANALYST) EXAM
TEST BANK QUESTIONS AND ANSWERS |
VERIFIED AND WELL DETAILED ANSWERS |
DOWNLOAD AND PASS | LATEST EXAM
UPDATE 2026/2027
Assuming that Chianti Corp reported annual sales of
$100,000, Cost of Goods sold of $65,000, its Average
Receivables are $5,600, its Average Inventories is $3,800,
and its Average Payables are $5,700. What is Chianti's
Inventory Turnover? Average Inventory Processing Period?
a. 12.4, 29.4
b. 26.5, 13.8
c. 17.11, 21.3
d. 13.4, 27.2
c. 17.11, 21.3
,Page 2 of 564
Non-tax related valuations include:
a. Allocations of lump-sum purchase price
b. Estate tax
c. Employee Stock Ownership Plan (ESOP)
d. None of the above
d. None of the above
The primary reason normalization adjustments are made
is due to the fact that:
,Page 3 of 564
a. The financial statements can reflect entries that are not
indicative of the true economic condition or potential of
the enterprise.
b. The financial statements can reflect entries that the
owner would not want disclosed to the buyer. c. The
financial statements can reflect entries that are not
Generally Accepted Accounting Principles (GAAP) based.
d. To remove interest, taxes, and depreciation, and
amortization in order to calculate earnings before interest,
taxes, depreciation, and amortization (EBITDA).
a. The financial statements can reflect entries that are not
indicative of the true economic condition or potential of
the enterprise.
In an inflationary period, the last in first out (LIFO) method
of costing inventory better reflects economics from a
balance sheet standpoint.
, Page 4 of 564
a. True
b. False
b. False
An analyst should consider industry/market trends when
conducting a lost profits analysis
a. True
b. False
a. True
