Fin 515 exam - Study guides, Class notes & Summaries
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FIN 515 FISCAL LAW EXAM with correct answers
- Exam (elaborations) • 8 pages • 2022
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QUE ST ION 1 
Whether or not there is an Antideficiency Act violation after application of the 
two-part corrections test, you must: 
Complete a formal investigation within 12 months and 2 weeks from the 
date the preliminary review ended. 
Place civilian personnel on administrative leave pending the outcome of 
the preliminary review. 
Try to deobligate the improper funds and obligate the proper funds. 
Investigate whether there was an Antideficiency Act violation and 
establish/assign responsi...
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FIN 515 MIDTERM EXAM WITH VERIFIED QUESTIONS AND ACCURATE RATIONALE. GRADED A+
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FIN 515 MIDTERM EXAM WITH VERIFIED QUESTIONS AND ACCURATE RATIONALE. GRADED A+ 
 
1.	TCO A) In the United States, which of the following types of organization has the greatest revenue in total? (Points : 5) 
Sole proprietorship C corporation 
S corporation Limited partnership 
 
2.	TCO A) A sole proprietorship is owned by (Points : 5) 
one person. 
one or two people, but if there are two owners, they must be married to each other. 
up to 100 owners. up to 64 owners.
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FIN 515: Final Exam SET 2: WITH VERIFIED QUESTIONS AND ACCURATE ELABORATIONS. GRADED A+
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FIN 515: Final Exam SET 2: WITH VERIFIED QUESTIONS AND ACCURATE ELABORATIONS. GRADED A+ 
 
 
Page 1 
 
 
Question 1.1. (TCO A) Double taxation is a drawback for which of the following types of business organization except? (Points : 5) 
S corporation 
 
 
 
C corporation 
 
 
 
Limited partnership correct answer 
 
 
 
Limited liability company 
 
 
 
 
Question 2.2. (TCO A) Sole proprietorships have all of the following advantages except (Points : 5) 
easy to set up. 
 
 
 
single taxation of i...
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FIN 515 FINAL EXAM, 05 SETS LATEST 2023
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FIN 515 FINAL EXAM, 05 SETS LATEST 2023
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FIN-515-Managerial-Finance-Final-Exam-Complete-A-Answe
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FIN-515-Managerial-Finance-Final-Exam-Complete-A-Answe
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FIN-515-Managerial-Finance-Final-Exam-Complete-A-Answe
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FIN-515-Managerial-Finance-Final-Exam-Complete-A-Answe
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FIN 515 MIDTERM EXAM, 05 SETS LATEST 2023
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FIN 515 MIDTERM EXAM, 05 SETS LATEST 2023
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FIN 515 FINAL EXAM 3 LATEST 2023 WITH CORRECT ANSWERS
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FIN 515 FINAL EXAM 3 LATEST 2023 WITH CORRECT ANSWERS
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FIN 515 FINAL EXAM 3 LATEST 2023 WITH CORRECT ANSWERS
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FIN 515 FINAL EXAM 3 LATEST 2023 WITH CORRECT ANSWERS
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FIN 515 FINAL EXAM, 05 SETS LATEST 2023
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FIN 515 FINAL EXAM, 05 SETS LATEST 2023
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