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FINC 4331 - Ch. 8A Personal financial statements| Questions and 100% Correct Verified Answers
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FINC 4331 - Ch. 8A Personal financial statements| Questions and 100% Correct Verified Answers
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FINC 4331 - Ch. 8A Personal financialstatements| Questions and 100% Correct
Verified Answers
Which of the following tax payments for salaried individuals is determined from Form W-
2? - ANSWER Social security tax payments
You have just completed a cash flow for a customer that shows the following results.
what is the customer's personal debt service coverage ratio? - ANSWER 2.84x
CF from items reported on page 1 of the Form 1040 includes which of the following -
ANSWER unemployment compensation
Analysts refer to the Form W-2 to determine personal cash flows when the client is -
ANSWER employee of a corporation
The basis for reporting assets on personal financial statements is - ANSWER current
fair market value
A customer submitted a personal financial statement when requesting a new,
unsecured personal loan. In addition to the information below, a lien search reports an
unpaid federal tax lien of $20,000. Detail in the personal financial statement shows that
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