NACVA Exam CVA Topic 4 Question 70 Discussion

Actual exam question for NACVA's CVA exam

Question #: 70
Topic #: 4

[All CVA Questions]

_____________________ list can yield insight into the company's profitability, liquidity and even viability. However, many relatively small companies do not prepare them.

AReceivables list

BAged receivables list

CPrepaid expense list

DInventory list

Show Suggested Answer

Suggested Answer: D

by Raylene at Jul 05, 2023, 02:24 PM

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Karrie

11 days ago

But not all companies prioritize preparing these lists, which can be a problem.

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Hmm, I'm tempted to say D. You can't have a profitable business without keeping close tabs on your inventory. Although, I do enjoy a good aged receivables list - it's like a financial detective story!

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Lai

12 days ago

I agree, knowing what assets the company has can help with decision-making.

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Hoa

13 days ago

I think it's important to have an inventory list for a company.

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Coleen

14 days ago

I believe a prepaid expense list is also crucial for understanding the company's financial position.

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Keena

16 days ago

I agree, knowing the company's outstanding receivables can help assess its financial health.

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Mariann

16 days ago

I'd go with B. Knowing what's outstanding and for how long is key to spotting potential problems early on.

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Maira

4 days ago

A) Receivables list

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Joesph

17 days ago

The aged receivables list is crucial for understanding the company's financial health. Unpaid invoices can really put a strain on cash flow.

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Cecil

20 days ago

I think it's important to have an aged receivables list for financial analysis.

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NACVA Exam CVA Topic 4 Question 70 Discussion

Contribute your Thoughts:

Karrie

Stanford

Lai

Hoa

Coleen

Keena

Mariann

Maira

Joesph

Cecil