If a debtor files a - Study guides, Class notes & Summaries

CFE Exam 349 Questions with Verified Answers Falsified Hours & Salary Schemes - CORRECT ANSWER The most common method of misappropriating funds from the payroll is the overpayment of wages. For hourly employees, the size of a paycheck is based on two factors: the number of hours worked and the rate of pay. Therefore, for hourly employees to fraudulently increase the size of their paycheck, they must either falsify the number of hours they have worked or change their wage rate. Common ways ...

FNAN 522 Final Exam Practice QUESTIONS AND ANSWERS 2023 (GRADED A+) Under the internal rate of return rule in capital budgeting, which of the following statements CANNOT be true? Select one: a. The internal rate of return can vary throughout the life of a project. b. The internal rate of return can be equal to the cost of capital. c. The cash inflows can be estimates. d. The initial investment can be the cost from purchasing new equipment. The correct answer is: The internal rate of retur...

In which of the following situations is a bank required by federal regulation to verify and record the identity of the customer? a. An established customer asks to withdraw $5,000 from his checking account and asks that the withdrawal be issued in the form of a cashier's check b. An established customer purchases $2,000 worth of traveler's checks using cash to pay for the purchase c. An individual uses cash to purchase traveler's checks totaling $2,000 and, at the same time, uses cash to p...

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Proce...

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Process (ch.1)...

Constitutional Law Law as expressed in the U.S. Constitution or state constitutions. The U.S. Constitution is the supreme law of the land. State constitutions are supreme within state borders to the extent that they do not conflict with the U.S. Constitution. Statutory Law Statutes (including uniform laws) and ordinances enacted by federal, state, and local legislatures. Federal statutes may not violate the U.S. Constitution. State statutes and local ordinances may not violate the U...

CA Life Insurance Practice Exam 91 Questions with Answers A key person is typically all of the following, except: - CORRECT ANSWER -Not directly involved in sales, production, or service Key persons are employees whose contributions have a significant impact on the revenue and profitability of the company, especially in small businesses. They are typically: part of the management team, more highly paid, respected by customers, creditors, suppliers, and vendors, and have direct responsibili...

California Insurance Exam 516 Questions with Answers Latest 2023 Two methods of determining insurance need:CORRECT ANSWER - Human Life Approach - Needs Approach Human Life Value Approach~CORRECT ANSWER - One of two ways of calculating insurance need. - By discounting estimated future income - Calculating the amount of life insurance a family will need based on the financial loss that they will suffer if the insured person were to pass away today - 10X salary - Based on age, gender, p...

AUE202M The Performing of the Audit Process Auditing Theory and Practice (University of South Africa) lOMoARcPSD| 1 Assignment 1 is compulsory and due 5 th March 2010 (study guide topics 1 – 5) - counts 5% towards final module mark Assignment 2 is compulsory and due 1 st April 2010 (study guide topics 6 & 7) - counts 5% towards final module mark Assignment 3 is NOT compulsory and doesn't count towards final mark (self assessment) Exam = 2 hours, consisting of : 30% of paper is app...

CLFP EXAM - Leasing Law What is Statutory Law? - Correct answer-Includes law enacted by legislative bodies such as state legislatures and US Congress. The Uniform Commercial Code or "UCC" is a body of the state statutory law. What is Regulatory Law? - Correct answer-Consists of regulations adopted by public bodies. Examples of regulatory law are regulations issued by the Internal Revenue Service (IRS) or the Securities Exchange Commission (SEC). Generally regulatory laws are not binding...