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VA CONTRACTORS VA ADVANCED (CLASS A) EXAM WITH VERIFIED SOLUTIONS

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VA CONTRACTORS VA ADVANCED (CLASS A) EXAM WITH VERIFIED SOLUTIONS

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VA CONTRACTORS: VA ADVANCED
(CLASS A) EXAM WITH VERIFIED
SOLUTIONS




A flump fsum fcontract fon fa fproject fhas fa ftotal fcontract fprice fof f$160,000. fRetainage
fhas fbeen fheld fback fat f10%. fThe fcontractor fhas freceived fprogress fpayments ffor
f75% fof fthe fproject. fThe fcontractor fsubmits fa frequest ffor ffinal fpayment ffor fthe fnew
fcompleted fproject. fThe ffinal fpayment famount fshould fbe ffor... f- fcorrect fanswers f-
More fthan f$50,000

What fis fthe ftotal fvalue fof fcurrent fassets ffor fan faccrual fbasis fcompany fthat fhas fthe
ffollowing? fChecking faccount fcash fbalance fis f$4,800; fmaterials finventory ffor fwork-
in-progress fis f$4,200; fa fpick-up ftruck fthat fcost f$12,460- fpaid ffor fwith f$2,460 fin

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