©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM
100 Practice Questions for the Florida Contractors Manual
Exam Study Guide with Complete Solutions
A properly registered fictitious name is valid for ________________
A. 1 year
B. 2 years
C. 3 years
D. 5 years - Answer✔️✔️-D. 5 years
1-15
Which of the following would have jurisdiction over dredging or excavation of
navigable waters and wetlands?
A. U.S. Dept. of the Interior
B. Florida Dept. of State
C. Florida Dept.of Transportation
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,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM
D. U.S Army Corps of Engineers - Answer✔️✔️-D. U.S Army Corps of Engineers
1-16
The name of the form which is used to apply for sales tax is?
A. W2
B. DR-1
C. S1
D. W4 - Answer✔️✔️-B. DR-1
1-21
Which of the following is NOT true about a fictitious name registration?
A. Valid for 5 years.
B. The fictitious name must be advertised at least one time.
C. If a change of ownership occurs, the owner(s) of record must file a cancellation
and registration within 45 days of filing,
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,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM
D. Fictitious name registration must be renewed between July 1 and December 31
in the expiration year. - Answer✔️✔️-C. If a change of ownership occurs, the
owner(s) of record must file a cancellation and registration within 45 days of filing,
1-15
Three partners, Noah, Evan & Steven form a partnership. Noah invests $30,000;
Steven invests $20,000 and Evan invests $15,000. In addition, Noah performs
specific management functions for which he is paid $5,000 from the partnership
proceeds. If the partnership earns $244,000, how much will Noah receive?
A. Less than $70,000
B. Between $70,000 -$90,000
C. Between $90,000-$110,000
D. More than $110,000 - Answer✔️✔️-D. More than $110,000
1-12
If the above partnership were dissolved, showing a net loss of $60,000, how much
would Noah owe?
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, ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM
A. $60,000
B. $4,666
C. $20,000
D. $0.00 - Answer✔️✔️-A. $60,000
1-13
According to the Contractor's Manual, starting capital should be enough to cover
living expenses for between which of the following?
A. 3 months to a year
B. 6 months to a year
C. 9 months to a year
D. at least a year - Answer✔️✔️-A. 3 months to a year
1-17
A Partnership will be dissolved if which of the following applies?
A. UnlawfuI Activity
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