Amortization schedule Study guides, Class notes & Summaries
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Advanced Accounting 10th Edition By Fischer -Test Bank
- Exam (elaborations) • 612 pages • 2023
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Chapter 3—Consolidated Statements: Subsequent to Acquisition 
 
MULTIPLE CHOICE 
 
Scenario 3-1 
 
Pedro purchased 100% of the common stock of the Sanburn Company on January 1, 20X1, for $500,000. On that date, the stockholders' equity of Sanburn Company was $380,000. On the purchase date, inventory of Sanburn Company, which was sold during 20X1, was understated by $20,000. Any remaining excess of cost over book value is attributable to patent with a 20-year life. The reported income and divid...
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CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers,100% CORRECT
- Exam (elaborations) • 54 pages • 2023 Popular
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CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers 
 
Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) 
 
Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ 
 
Larger ratio is better 
 
If (Rₜ) is risk free rate, then it becomes Sharpe Ratio 
 
Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ 
 
Larger ratio is better 
 
If (Rt) is higher than RFR, then it becomes Safety First Ratio 
 
Central...
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Test Bank for Intermediate Accounting, Volume 2, 5th edition by Kin Lo
- Exam (elaborations) • 720 pages • 2022
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Test Bank for Intermediate Accounting, Volume 2 5e 5th edition by Kin Lo, George Fisher. ISBN-13: 4919 
 
Full Chapters test bank included for Vol 2 
 
Chapter 11 Current Liabilities, Non-Financial Liabilities, and Contingencies 
A. Introduction 
B. Definition, Classification, and Measurement of Liabilities 
1. Liabilities defined 
2. Recognition 
3. Financial and non-financial liabilities 
4. Current versus non-current liabilities 
5. Initial and subsequent measurement 
C. Current Liabilities 
...
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HECM Practice Exam 2023 Questions and Answers
- Exam (elaborations) • 17 pages • 2023
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The HECM Saver was introduced as an option to lower the upfront cost of a HECM by reducing the upfront mortgage insurance premium to: 
a. 0. 
b. 0.01% of the Maximum Claim Amount. 
c. 1% of the Maximum Claim Amount. 
d. 1.25% of the Maximum Claim Amount. - ANSWER-b 
 
If repairs are required but can be completed after closing, the lender will create a repair set-aside in the amount of: 
a. 15% of the maximum claim amount. 
b. 100% of the actual cost of repairs. 
c. 100% of the estimated cost of...
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CDFA Exam Study Materials Latest Update Graded A+
- Exam (elaborations) • 51 pages • 2024
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CDFA Exam Study Materials Latest 
 
Update Graded A+ 
 
5-year cliff vesting An employee who has at least five years of service must have a non- 
forfeitable right to 100% of the employee's accrued benefit [IRC §411(a)(2)(A)]. 
 
3- to 7-year vesting (7-year graded vesting) An employee who has completed at least three 
years of service must have a non-forfeitable right to at least the following percentages of his or 
her accrued benefit: 20% after three years of service, 40% after four years o...
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Consumer Math B exam 2024 with 100% correct answers
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U1 L1- Secured Debt - correct answer 
 
A(n) ___ shows you the schedule of payments on a loan and the total interest and payments at the end of a loan - correct answer B. Amortization table 
 
Secured debts must have ____ - correct answer A. Collateral 
 
Using the table, where does the smallest change in interest rates between secured and unsecured occur? - correct answer A. At the excellent rating 
 
You are purchasing a car for $12,985.00 with the help of your parents. How much inter...
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HRTM 421 Final Exam (100% Correct)
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loan amortization schedule correct answers - provides info on the year, payment, principal, interest, and balance of a loan 
 
- debt service payments remain fixed 
 
income approach to value correct answers - estimates future cash flows including an assumed sale at the end of the period 
 
- discounts cash flows using WACC 
 
- PV is the appraiser's estimate of the current market value 
 
lease vs purchase decision correct answers determine if the PV of lease payments is less than the purchase...
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CDFA Exam Study Materials Latest Update Graded A+
- Exam (elaborations) • 51 pages • 2024
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CDFA Exam Study Materials Latest 
Update Graded A+ 
5-year cliff vesting An employee who has at least five years of service must have a nonforfeitable 
right to 100% of the employee's accrued benefit [IRC §411(a)(2)(A)]. 
3- to 7-year vesting (7-year graded vesting) An employee who has completed at least three 
years of service must have a non-forfeitable right to at least the following percentages of his or 
her accrued benefit: 20% after three years of service, 40% after four years of servic...
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NMLS SAFE ACT MLO Exam 2023 with 100% correct answers
- Exam (elaborations) • 39 pages • 2023
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A lender provides a borrower with an initial amortization schedule for Private Mortgage Insurance (PMI) disclosure at loan closing for an adjustable-rate mortgage. The lender MUST also provide a written notice stating the 
 
A. Lender's right to increase the monthly payment amount for PMI 
 B. Borrower's right to refuse a PMI 
 C. Lender's right to extend the time for monthly payments for a PMI 
 D. Borrower's right to cancel PMI - correct answerD. Borrower's right to cancel PMI 
 
The Priv...
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HRTM 421 Final Exam (A+ GUARANTEED)
- Exam (elaborations) • 7 pages • 2023
- Available in package deal
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- $10.69
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loan amortization schedule correct answers - provides info on the year, payment, principal, interest, and balance of a loan 
 
- debt service payments remain fixed 
 
income approach to value correct answers - estimates future cash flows including an assumed sale at the end of the period 
 
- discounts cash flows using WACC 
 
- PV is the appraiser's estimate of the current market value 
 
lease vs purchase decision correct answers determine if the PV of lease payments is less than the purchase...
-
NMLS SAFE ACT MLO Exam 2023 with 100% correct answers
- Exam (elaborations) • 39 pages • 2023
- Available in package deal
-
- $17.49
- + learn more
A lender provides a borrower with an initial amortization schedule for Private Mortgage Insurance (PMI) disclosure at loan closing for an adjustable-rate mortgage. The lender MUST also provide a written notice stating the 
 
A. Lender's right to increase the monthly payment amount for PMI 
 B. Borrower's right to refuse a PMI 
 C. Lender's right to extend the time for monthly payments for a PMI 
 D. Borrower's right to cancel PMI - correct answerD. Borrower's right to cancel PMI 
 
The Priv...
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