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NACVA CVA Exam - Topic 2 Question 13 Discussion

Which of the following is NOT out of standard categories of assets for the purposes of applying the asset accumulation method?
D) Equity and unearned earnings
A) Financial assets
B) Tangible personal property
C) Real estate

NACVA CVA Exam - Topic 2 Question 13 Discussion

Actual exam question for NACVA's CVA exam
Question #: 13
Topic #: 2
[All CVA Questions]

Which of the following is NOT out of standard categories of assets for the purposes of applying the asset accumulation method?

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Suggested Answer: D

by Tonette at May 04, 2022, 10:42 PM

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Anika
7 months ago
Are we sure about that? Seems a bit confusing.
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Kati
8 months ago
Totally agree, tangible personal property is in the mix.
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Thaddeus
8 months ago
Wait, equity and unearned earnings? That sounds off.
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Candida
8 months ago
I think real estate counts too.
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Annice
8 months ago
Financial assets are definitely standard.
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Mica
8 months ago
I feel like I might have mixed up the definitions. I remember something about unearned earnings being tricky, but I can't recall if they're considered standard or not.
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Daron
8 months ago
I practiced a similar question where tangible personal property was listed as a standard asset, so I might lean towards that being included here too.
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Joseph
8 months ago
I think financial assets and real estate are definitely standard categories, but I'm a bit uncertain about equity and unearned earnings.
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Melissia
8 months ago
I remember we discussed the asset accumulation method, but I'm not sure about the specifics of what counts as standard categories.
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Tresa
8 months ago
I think the key here is understanding the difference between claims-made and occurrence-based policies. The question is asking about a specific requirement for claims-made, so I'll need to focus on that.
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Rosio
8 months ago
I've got a strategy for this. Since Peacock inherits from Bird, I can create a Bird reference that points to a Peacock object, and then cast it to a Peacock to access the Fly.Dance() method.
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Catina
9 months ago
This is a good test of my knowledge on government contracting. I'll draw on what I've learned in class to make an informed decision.
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