CRPC exam 2023/2024 with 100% correct answers

Statment of Financial Position - correct answer Assets and Liabilities Net Worth Balances "balance sheet" Cash Flow Statment - correct answer Inflows and Outflows Payments Assets - correct answer cash and equivilants, stock, use assets, things clients own **even if not completly paid for. Should be valued at fair market value. **leased property and equipment are not typically included and may be shown in footnotes Liabilities - correct answer credit cards, bank loans, mortgages, divided between short term and long term Long generally on statment of financial position Short generally on cash flow statement Benefits/Negatives as Real Estate as an Investment - correct answer pro: tax benefits, inflation hedge, leverage con: illiquidity, subprime, high investment/transaction, management Correlation - correct answer the further away from +1 the more diverse. range +1/-1 Tax on qualified dividends vs interest from fixed securities - correct answer max 15%-20% for dividends, OI for interest from fixed securities Bond maturity time frames - correct answer Short - up to 5 years Intermediate - 5-10 years Long - 10+ years the longer the bond maturity the more volitile t/f - correct answer t