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  1. A
    Beneficiary Loans

    B
    Fair Market Loans

    C
    Trustee Loans

    D
    Perkins Loans

    Explanation: Answer not sure 

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  2. A
    It is required by the mortgagee

    B
    It is the legal document showing the ownership of the property

    C
    It lists out the interest rate of the mortgage

    D
    None of these

    Explanation: Answer not sure 

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  3. A
    A loan which uses some form of collateral as a guarantee of payment

    B
    A loan under $10,000

    C
    A loan for people with bad credit

    D
    A short term loan for less than a year

    Explanation: Answer not sure 

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  4. A
    Dr: Cash, Cr: Refundable Advance to Charity

    B
    Dr: Refundable Advance to Charity, Cr: Cash

    C
    Dr: Expense, Cr: Cash

    D
    Dr: Revenue, Cr: Expense

    Explanation: Not available 

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  5. A
    Mid-sized companies feel the impact the most

    B
    There is no correlation between company size and the cost of implementing the provisions of the Act

    C
    The larger companies as the larger the company, the more it has to pay to implement the provisions of the Act

    D
    The smaller companies as the cost of implementing the provisions of the Act does not decrease proportionally with the size of the company

    Explanation: Not available 

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  6. A
    Income Smoothing

    B
    Profit Maximization

    C
    Tax Minimization

    D
    None of the above

    Explanation: Not available 

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  7. A
    Quality of financial position

    B
    Quality of earnings

    C
    Conservatism objective

    D
    None of the above

    Explanation: Not available 

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  8. A
    Dr: Revenue, Cr: Cash

    B
    Dr: Expense – Cash, Cr: Cash

    C
    Dr: Liability, Cr: Cash

    D
    Dr: Expense – Contributions, Cr: Cash

    Explanation: Not available 

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First123Last
1 of 185 pages