Discuss NACVA CVA Exam Topic 1 Question 17

There is no universally accepted conclusion as to what accounts should be ''netted out'' in the estimation of net tangible asset value. For example, various analysts have interpreted net tangible assets to mean any one of the following EXCEPT:

AGross assets net of accumulated depreciation

BNet current value of the financial assets and the tangible assets less current liabilities only

CNet current value of the financial assets and the tangible assets minus all liabilities

DProbable future earnings

Suggested Answer: D

Get Premium CVA Questions as Interactive Web-Based Practice Test or PDF Real Exam Format Detailed Explanations Instant Access Get Your Practice Test

15 comments · newest first

Joye 12 months ago

C includes all liabilities, so it’s not net tangible.

Cortney 1 year ago

Wait, are we really excluding future earnings? That seems off.

Cordelia 1 year ago

Totally agree with you, Paris!

Paris 1 year ago

I think D is the odd one out here.

Lenna 1 year ago

A is definitely included in net tangible assets.

Shelton 1 year ago

I feel like option D stands out because it mentions future earnings, which we learned are generally not considered when calculating net tangible assets.

Alverta 1 year ago

I think we practiced a question similar to this, and I recall that future earnings are typically not included in net tangible asset calculations.

Viva 1 year ago

I remember discussing how net tangible assets usually exclude intangible assets, but I'm not sure if future earnings count as tangible.

Frederica 1 year ago

I’m a bit confused about the difference between current liabilities and all liabilities in this context. Does it really change the definition?

Ruthann 1 year ago

Okay, I think I've got this. Since the Pics directory doesn't exist, the Path object will be created with just the file name. So the output should be option D.

Chantell 1 year ago

Okay, I've got this. The key is to avoid anything that could lead to inefficient queries and poor performance in a multi-tenant environment. I'll carefully analyze each option and choose the best practice.

Mireya 1 year ago

I think I've got it! The key is understanding the behavior of the vector constructor and the iterator increment in the for loop.

Mammie 1 year ago

Okay, I've got this. The key is to use the conditional formatting feature to check if the sales figure is over $10,000 and then apply the orange color. I'm pretty sure that's the right solution.

Marge 1 year ago

I think the key here is that the production job is running on a Compute Engine instance. So the service account for that instance is what needs the access to the BigQuery dataset.

Sheldon 1 year ago

I know there was something about 80 characters per line in the Style Guide, but can't recall the indentation type right now.

NACVA CVA Exam - Topic 1 Question 17 Discussion