VA Contractors Advanced Class A Certified Exam 2025/2026 [A+] Questions & Answers Perfectly Analyzed, Exams of Contract Law

VA Contractors Advanced Class
A Certified Exam 2025/2026
[A+] Questions & Answers
Perfectly Analyzed, Exams of
Contract Law

, VA Contractors: VA advanced (class A)
Exam 2025|2026 [A+] Perfectly Certified
Questions with Correct Answers


A Lump Sum Contract On A Project Has A 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... -
Correct - Answer-More Than $50,000




What Is The Total Value Of Current Assets 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... - Correct -
Answer-