NACVA Exam CVA Topic 6 Question 67 Discussion

Actual exam question for NACVA's CVA exam

Question #: 67
Topic #: 6

Normally, the business will realize the economic benefit of the prepaid expenses within the normal course of one business cycle. Therefore, normally:

ARevaluation adjustment is required

BNo revaluation adjustment is required

CNo revaluation adjustment is required with respect to recorded prepaid expenses

DRevaluation adjustment is required with respect to recorded prepaid assets

Show Suggested Answer

Suggested Answer: C

by Jess at Apr 01, 2023, 06:24 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!