CLFP SAMPLE EXAM - PRICING EXAM
LATEST 2026 ACTUAL EXAM TEST
BANK| FINANCIAL AND TAX
ACCOUNTING FOR LEASES EXAM
WITH COMPLETE 50 REAL EXAM
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+
(BRAND NEW!!)
Lesseemismacquiringmammachinemtoolmform$89,000mincludingmsalesmtax.mHemwishesmtomstructuremam5
-
yearmleasemwithmam$1.00mpurchasemoption.mThemlesseemwantsmtomputm5%,morm$4,450,mdownmonmth
emleasemtomreducempayments.mThemlessormhasmamcostmofmmoneymofm6.5%mandmwantsmtommakem8mp
ointsmuponmdiscountingmthemtransaction.mHemstructuresmthemtransactionmasmam61-
monthmleasemwithmthemfirstmpaymentmbeingmequalmtomthem5%mdownmthatmwasmrequestedmbymtheml
essee,mandmthenm60mequalmremainingmpayments.mThemlesseemagreesmtomthismstructure.
Solvemformthemfollowing:m-mCORRECTmANSWERmAnswer:m
Paymentm$1,793.63m
LeasemRatemFactorm.02015
Youmaremamlessormandmyoumhavemclosedmandmfundedmamleasemform48mmonthsmwithmpaymentsmofm$
1,344.24mandmam$1.00mresidual.mThemleasemhasmfirstmandmlastminmadvancemwhichmyoumaremgoingmto
mretainmandmyoumwantmtomdiscountmthemstreammofmremainingmpaymentsmtomamfundingmsource.mTh
emfundingmsourcemwillmreceivemitsmfirstmpaymentm30mdaysmfollowingmthemclosingmofmthismdiscounte
dmtransaction.mYourmfundersmrequiredmyieldmism13.5%.
Howmmuchmwillmyoumreceivemfrommyourmfunder?m
, Themvendormpaymentmwasmform$45,000.mWhatmismyourmtotalmprofitmonmthismlease?m-
mCORRECTmANSWERmAnswer:
Howmmuchmwillmyoumreceivemfrommyourmfunder?m$48,066.05
Themvendormpaymentmwasmform$45,000.mWhatmismyourmtotalmprofitmonmthismlease?m$5,754.53
Determinemthemmonthlympaymentmofmthemfollowingmtransaction.
LeasemAmount:m$34,000m
Term:m60mMonthsm
AdvancemPayments:m3m
BrokermFee:m8%m
SecuritymDeposit:m10%m
Residual:m5%m
Yield:m11.75%
Whatmismthemyieldmifmyoumtakemawaymthemsecuritymdeposit?m-mCORRECTmANSWERmAnswer:m
Whatmismmonthlympayment?m$736.57
Whatmismthemyieldmifmyoumtakemawaymthemsecuritymdeposit?m9.79%
Youmaremamfundingmsourcemreviewingmthemfollowingmleasemproposal:
LeasemAmount:m$15,000
LATEST 2026 ACTUAL EXAM TEST
BANK| FINANCIAL AND TAX
ACCOUNTING FOR LEASES EXAM
WITH COMPLETE 50 REAL EXAM
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+
(BRAND NEW!!)
Lesseemismacquiringmammachinemtoolmform$89,000mincludingmsalesmtax.mHemwishesmtomstructuremam5
-
yearmleasemwithmam$1.00mpurchasemoption.mThemlesseemwantsmtomputm5%,morm$4,450,mdownmonmth
emleasemtomreducempayments.mThemlessormhasmamcostmofmmoneymofm6.5%mandmwantsmtommakem8mp
ointsmuponmdiscountingmthemtransaction.mHemstructuresmthemtransactionmasmam61-
monthmleasemwithmthemfirstmpaymentmbeingmequalmtomthem5%mdownmthatmwasmrequestedmbymtheml
essee,mandmthenm60mequalmremainingmpayments.mThemlesseemagreesmtomthismstructure.
Solvemformthemfollowing:m-mCORRECTmANSWERmAnswer:m
Paymentm$1,793.63m
LeasemRatemFactorm.02015
Youmaremamlessormandmyoumhavemclosedmandmfundedmamleasemform48mmonthsmwithmpaymentsmofm$
1,344.24mandmam$1.00mresidual.mThemleasemhasmfirstmandmlastminmadvancemwhichmyoumaremgoingmto
mretainmandmyoumwantmtomdiscountmthemstreammofmremainingmpaymentsmtomamfundingmsource.mTh
emfundingmsourcemwillmreceivemitsmfirstmpaymentm30mdaysmfollowingmthemclosingmofmthismdiscounte
dmtransaction.mYourmfundersmrequiredmyieldmism13.5%.
Howmmuchmwillmyoumreceivemfrommyourmfunder?m
, Themvendormpaymentmwasmform$45,000.mWhatmismyourmtotalmprofitmonmthismlease?m-
mCORRECTmANSWERmAnswer:
Howmmuchmwillmyoumreceivemfrommyourmfunder?m$48,066.05
Themvendormpaymentmwasmform$45,000.mWhatmismyourmtotalmprofitmonmthismlease?m$5,754.53
Determinemthemmonthlympaymentmofmthemfollowingmtransaction.
LeasemAmount:m$34,000m
Term:m60mMonthsm
AdvancemPayments:m3m
BrokermFee:m8%m
SecuritymDeposit:m10%m
Residual:m5%m
Yield:m11.75%
Whatmismthemyieldmifmyoumtakemawaymthemsecuritymdeposit?m-mCORRECTmANSWERmAnswer:m
Whatmismmonthlympayment?m$736.57
Whatmismthemyieldmifmyoumtakemawaymthemsecuritymdeposit?m9.79%
Youmaremamfundingmsourcemreviewingmthemfollowingmleasemproposal:
LeasemAmount:m$15,000
