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Exam (elaborations)

CSLB CH. 5 EXAM ACTUAL QUESTIONS AND ANSWERS A+ GRADE.

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CSLB CH. 5 EXAM ACTUAL QUESTIONS AND ANSWERS A+ GRADE.

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Uploaded on
November 29, 2024
Number of pages
2
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • cslb ch 5 exam actual questions and answers 2024
  • which of the following is a correct statement abou
  • if a contractor has temporary cash flow problem
  • 11 a contractor wants to change a sole ownership

Content preview

CSLB CH. 5 EXAM ACTUAL QUESTIONS AND
ANSWERS 2024/2025 A+ GRADE.

1GyearG-GcorrectGanswer-1.)GCurrentGliabilitiesGonGaGbalanceGsheetGareGdebtsGthatGbecomeGdueGwithin:


RevenuesGandGexpensesGoverGanGextendedGperiodGofGtimeG-GcorrectGanswer-
2.)GAnGincomeGstatementGshows:


WhenGtheGcashGchangesGhandsG-GcorrectGanswer-
3.)GInGtheGcashGsystemGofGaccounting,GaGtransactionGisGrecordedGorGposted:


MoneyGdueGfromGcustomersGwhoGhaveGpurchasedGgoodsGorGservicesG-GcorrectGanswer-
4.)GOfGtheGfollowingGwhichGisGtheGbestGdescriptionGforGaccountsGreceivable?


AGbudgetGshouldGallowGleewayGforGmonthGtoGmonthGvariationsG-GcorrectGanswer-
5.)GWhichGofGtheGfollowingGisGaGcorrectGstatementGaboutGbudgets?


UseGfundsGfromGaGpre-establishedGlineGofGcreditG-GcorrectGanswer-6.)GIfGaGcontractorGhasGtemporaryGcash-
flowGproblem,GwhatGisGaGgoodGwayGtoGgetGthroughGtheGcrisis?


CoverageGandGCostG-GcorrectGanswer-
7.)GGregGisGlookingGtoGpurchaseGanGinsuranceGpolicy.GHeGisGcallingGdifferentGcompaniesGtoGobtainGdifferen
tGquotes.GWhatGisGtheGbestGwayGtoGchooseGamongGdifferentGcompanies?


NetGProfitGorGLossG-GcorrectGanswer-8.)GTheGbottomGlineGofGtheGPG&GLGstatementGshows:


TheyGmayGformGaGcorporationGandGobtainGaGcorporateGlicenseG-GcorrectGanswer-
9.)GAGlicensedGcontractorGwantsGtoGdoGconstructionGprojectsGwithGanGunlicensedGindividual.GOfGtheGfollow
ing,GwhichGisGaGlegalGalternative?


TheGBoardGofGEqualizationG-GcorrectGanswer-10.)GToGwhomGdoGyouGreportGandGpayGUseGtax?
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