Clfp credit - Study guides, Class notes & Summaries
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CLFP Exam - Credit Process and Financial Statement Exam with 100% Correct Answers 2023
- Exam (elaborations) • 8 pages • 2023
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CLFP Exam - Credit Process and 
Financial Statement 
What applicant attributes are you trying to learn about when underwriting a deal? - 
Correct answer-1.) The desire to repay the debt 
2.) the financial ability to make payments 
3.) The reserves to withstand unexpected setbacks 
What are the four (4) C's of Credit? - Correct answer-1.) Character: the desire to pay 
back debt 
2.) Cash Flow: Ability to make payments 
3.) Capital: Ability to withstand setbacks 
4.) Collateral: Ability to liquid...
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CLFP EXAM - Equipment Lease and Financing Documentation 2024 Questions & Answers | 100% Correct | Verified
- Exam (elaborations) • 11 pages • 2024
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CLFP EXAM - Equipment Lease and Financing 
Documentation 2024 Questions & Answers | 
 
100% Correct | Verified 
 
What is a Lease a document? - A lease is a basic document by which a lessor agrees to provide 
equipment or other personal property or rights to a lessees in return for rental payments. 
 
What are Lease Exhibits document? - Also referred to a "schedules" are used if the description of 
lease property is too lengthy to fit into the space allotted on the lease. Often wise to have le...
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CLFP Exam - Credit Process and Financial Statement Latest Exam 2023
- Exam (elaborations) • 12 pages • 2023
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CLFP Exam - Credit Process and Financial Statement Latest Exam 2023
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CLFP 2019- CHAPTER 1 LATEST ACTUAL EXAM WITH RATIONALE
- Exam (elaborations) • 7 pages • 2024
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CLFP 2019- CHAPTER 1 LATEST ACTUAL EXAM 
WITH RATIONALE 
 
 
 
 
 
ITC (Investment Tax Credit) - 1960's - ANSWER-Used to stimulate the economy 
and capital expenditures, it provided a tax credit to purchasers of equipment to 
offset their tax liability to the government. Initially set at 7%, it became a give & 
take option with the government. 
 
Revenue Procedure 's (TAX LENS) - ANSWER-Laid out the 6 criteria 
the IRS would use for advanced rulings to determine if the Lessor is t...
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CLFP EXAM - Equipment Lease and Financing Documentation | 100% Correct Answers | Verified | Latest 2024 Version
- Exam (elaborations) • 11 pages • 2024
-
Available in package deal
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CLFP EXAM - Equipment Lease and Financing 
Documentation | 100% Correct Answers | Verified 
 
| Latest 2024 Version 
 
What is a Lease a document? - A lease is a basic document by which a lessor agrees to provide 
equipment or other personal property or rights to a lessees in return for rental payments. 
 
What are Lease Exhibits document? - Also referred to a "schedules" are used if the description of 
lease property is too lengthy to fit into the space allotted on the lease. Often wise to ha...
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CLFP - Credit WITH 100- SURE ANSWERS.
- Exam (elaborations) • 5 pages • 2024
- Available in package deal
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CLFP - Credit WITH 100- SURE ANSWERS.
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CLFP 2019- CHAPTER 1 LATEST ACTUAL EXAM WITH RATIONALE
- Exam (elaborations) • 7 pages • 2024
-
- $23.89
- + learn more
CLFP 2019- CHAPTER 1 LATEST ACTUAL EXAM 
WITH RATIONALE 
 
 
 
 
 
ITC (Investment Tax Credit) - 1960's - ANSWER-Used to stimulate the economy 
and capital expenditures, it provided a tax credit to purchasers of equipment to 
offset their tax liability to the government. Initially set at 7%, it became a give & 
take option with the government. 
 
Revenue Procedure 's (TAX LENS) - ANSWER-Laid out the 6 criteria 
the IRS would use for advanced rulings to determine if the Lessor is t...
-
CLFP CHAPTER 1 ; HISTORY & OVERVIEW 2022 EXAM WITH CORRECT QUESTIONS AND ANSWRS
- Exam (elaborations) • 9 pages • 2024
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CLFP CHAPTER 1 ; HISTORY & OVERVIEW 2022 
EXAM WITH CORRECT QUESTIONS AND ANSWRS 
 
 
 
Economic Recovery Tax Act (ERTA) 1981 - ANSWER-• Revision to the Internal 
Revenue Accelerated Code; it replaced the more complex Asset Depreciation 
Range (ADR) 
 
• Created the Cost Recovery System (ACRS) 
 
• Only five classes of assets, ranging from 3-15 year life Range spans 
 
• The owner/lessor could system now fully depreciate an asset without having to 
estimate useful life ...
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CLFP 2019- CHAPTER 1 LATEST ACTUAL EXAM WITH RATIONALE
- Exam (elaborations) • 7 pages • 2024
-
- $27.89
- + learn more
CLFP 2019- CHAPTER 1 LATEST ACTUAL EXAM 
WITH RATIONALE 
 
 
 
 
 
ITC (Investment Tax Credit) - 1960's - ANSWER-Used to stimulate the economy 
and capital expenditures, it provided a tax credit to purchasers of equipment to 
offset their tax liability to the government. Initially set at 7%, it became a give & 
take option with the government. 
 
Revenue Procedure 's (TAX LENS) - ANSWER-Laid out the 6 criteria 
the IRS would use for advanced rulings to determine if the Lessor is t...
-
CLFP EXAM - Equipment Lease and Financing Documentation 2024 Questions & Answers 100% Correct Verified
- Exam (elaborations) • 11 pages • 2024
-
- $7.99
- + learn more
CLFP EXAM - Equipment Lease and Financing 
Documentation 2024 Questions & Answers | 
100% Correct | Verified 
What is a Lease a document? - A lease is a basic document by which a lessor agrees to provide 
equipment or other personal property or rights to a lessees in return for rental payments. 
What are Lease Exhibits document? - Also referred to a "schedules" are used if the description of 
lease property is too lengthy to fit into the space allotted on the lease. Often wise to have lessee i...
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