Prospectus Study guides, Class notes & Summaries

Business Cycle Order - Answer- Expansion, Peak, Contraction, Trough Notice Filing - Answer- A method of registering securities at the state level that is only for Federal Covered Securities Downturns in the business cycle or economic contractions are characterized by all of the following - Answer- higher consumer debt rising numbers of bond defaults rising numbers of bankruptcies Which of the following would be associated with loans made to member banks of the Federal Reserve? - Answe...

Upon reviewing a list of beneficiaries for an estate what relationship pose a potential conflict? - A current client of the firm in a separate matter. A client demands an answer on short notice about how a recent court decision will impact their ongoing lawsuit on a similar issue. - A lawyer should advise the client in writing that a proper opinion cannot be rendered within the designated timeframe. A real estate lawyer who is acting for purchaser and lender learns of an addendum to the pri...

What should happen in the event of a vacancy among officers in an association? The vacancy may not be filed until the next annual meeting. The successor may be appointed at the next board meeting. The successor must be elected within 14 business days. - ️️The successor may be appointed at the next board meeting Official records of an association include insurance polices the prospectus sales brochures receipts for copying condominium document - ️️insurance policies If a ...

An RR has a potential customer who is interested in international investing and sends the person a prospectus for an international equity fund. The customer then visits the RR's office to ask some questions about the types of risks that are associated with the fund. In order to help the client understand the risks of the fund, which of the following actions may the RR perform? A. Highlight the relevant sections of the prospectus B. Create a summary of the fund's risks and provide it to th...

Business Law for Accountants - D216 Western Governors University WGU Final guide with complete soluti Scienter Answer - A person has knowledge of wrongdoing and intent of wrongdoing Sox act of 2002 Answer - created the public company accounting oversight board, It states high level managers (CFO, CEO, Senior roles) must maintain an effective system of internal controls. Internal controls get checked by senior management annually Outside Directors Answer - oversee the accounting process...

AD Banker Comprehensive Exam (New Update) Questions and Verified Answers| QUESTION 100% Correct| A Grade Sara applies for a $100,000 30 year level term life insurance policy. The producer quoted her a price of $750 annually if issued as applied for. She wants to make sure that the policy premiums are taken care of just in case she has a total disability. The policy is issued but the premium is now $825. What is the most likely reason why the overall premium increased? A. Sara no...

Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - correct answer -$1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a roadway at the back of the 22 acre...

Mutual Fund Corporation - correct answer - investors are shareholders - board of directors governs the fund - board of directors are elected by the shareholders at the fund's annual general meeting Mutual Fund Trust - correct answer - investors are unit-holders - no board of directors. Governed by trusts or trustees - unit-holders don't have authority to appoint trustees Mutual Funds Complex - correct answer - mutual fund manager - portfolio manager - custodian - distributo...

Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - $1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a roadway at the back of the 22 acres Pam owns. She has...

AD Banker Comprehensive Exam 2024 Graded A. Which insurer's owner receives taxable corporate dividends as a return of profit? - ANSWER Stock To make insurance more affordable and protect the insurance company from paying out too much in claims, insurers will: - ANSWER Reinsure the risk The direct writing distribution model utilizes: - ANSWER Salaried employees A good example of Risk Reduction might be: - ANSWER When one takes action to minimize the severity of a potential loss In insura...