7/25/26, 8:35 AM VA Contractors: VA Advanced (Class A) Exam (2026) Questions & Answers | 100% Verified solutions UPDATE |2026!! STUDY GUI…
VA Contractors: VA Advanced (Class A) Exam (2026)
Questions & Answers | 100% Verified solutions
UPDATE |2026!! STUDY GUIDE EXAM
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Terms in this set (24)
A lump sum contract on a project has a More than $50,000
total contract price of $160,000.
Retainage has been held back at 10%.
The contractor has received progress
payments for 75% of the project. The
contractor submits a request for final
payment for the new completed
project. The final payment amount
should be for...
https://quizlet.com/1196352867/va-contractors-va-advanced-class-a-exam-2026-questions-answers-100-verified-solutions-update-2026-study-guide-e… 1/9
, 7/25/26, 8:35 AM VA Contractors: VA Advanced (Class A) Exam (2026) Questions & Answers | 100% Verified solutions UPDATE |2026!! STUDY GUI…
What is the total value of current assets Between $12,000 and $16,000
for an accrual basis company that has
the following? Checking account cash
balance is $4,800; materials inventory
for work-in-progress is $4,200; a pick-
up truck that cost $12,460- paid for
with $2,460 in cash and a note for
$10,000- and is used 100% in the
business; accounts receivable is
$5,700; suppliers' accounts payable is
$6,300; other accounts payable is
$2,200; and quarterly income tax
payment due is $1,180...
What is the total project overhead for Less than $12,000
a project that lasts 3 months and has
the following costs? Labor is $4,000;
materials are $9,500; equipment
rentals are $1,200; superintendent's
annual salary is $36,000; office rent is
$800 per month; and office utilities are
$375 per month.
https://quizlet.com/1196352867/va-contractors-va-advanced-class-a-exam-2026-questions-answers-100-verified-solutions-update-2026-study-guide-e… 2/9
VA Contractors: VA Advanced (Class A) Exam (2026)
Questions & Answers | 100% Verified solutions
UPDATE |2026!! STUDY GUIDE EXAM
Add to calendar
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (24)
A lump sum contract on a project has a More than $50,000
total contract price of $160,000.
Retainage has been held back at 10%.
The contractor has received progress
payments for 75% of the project. The
contractor submits a request for final
payment for the new completed
project. The final payment amount
should be for...
https://quizlet.com/1196352867/va-contractors-va-advanced-class-a-exam-2026-questions-answers-100-verified-solutions-update-2026-study-guide-e… 1/9
, 7/25/26, 8:35 AM VA Contractors: VA Advanced (Class A) Exam (2026) Questions & Answers | 100% Verified solutions UPDATE |2026!! STUDY GUI…
What is the total value of current assets Between $12,000 and $16,000
for an accrual basis company that has
the following? Checking account cash
balance is $4,800; materials inventory
for work-in-progress is $4,200; a pick-
up truck that cost $12,460- paid for
with $2,460 in cash and a note for
$10,000- and is used 100% in the
business; accounts receivable is
$5,700; suppliers' accounts payable is
$6,300; other accounts payable is
$2,200; and quarterly income tax
payment due is $1,180...
What is the total project overhead for Less than $12,000
a project that lasts 3 months and has
the following costs? Labor is $4,000;
materials are $9,500; equipment
rentals are $1,200; superintendent's
annual salary is $36,000; office rent is
$800 per month; and office utilities are
$375 per month.
https://quizlet.com/1196352867/va-contractors-va-advanced-class-a-exam-2026-questions-answers-100-verified-solutions-update-2026-study-guide-e… 2/9
