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M100 Community Association Management Exam Newest Actual Exam With Complete Questions And Answers 2024 $15.99   Add to cart

Exam (elaborations)

M100 Community Association Management Exam Newest Actual Exam With Complete Questions And Answers 2024

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  • M100 Community Association Management

M100 Community Association Management Exam Newest Actual Exam With Complete Questions And Answers 2024 Balance sheet - CORRECT ANSWER-Snapshot of financial condition at a specific point in time. Lists what the association owes and owns and its net worth. Role of CPA - CORRECT ANSWER-Audit - Thoro...

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  • November 13, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • m100
  • m100 community
  • community associatio
  • M100 Community Association Management
  • M100 Community Association Management
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NURSING2EXAM
M100 Community Association
Management Exam Newest
Actual Exam With Complete
Questions And Answers 2024




Balance sheet - CORRECT ANSWER-Snapshot of financial condition at
a specific point in time. Lists what the association owes and owns and its
net worth.


Role of CPA - CORRECT ANSWER-Audit - Thorough examination of
financials
Review - Spot check
Compilation - Slap docs on CPA letterhead (no check)


Investments - CORRECT ANSWER-Purchase of anything with money
value for the purpose of generating additional income over time.
Safety - Protect the principal amount.

, Liquidity - Ease with which an investment can be converted to cash.
Yield - Amount of return on investment.


Five Types of Maintenance - CORRECT ANSWER-Routine
Preventative
Emergency Services
Requested
Reserve


Maintenance Management Tools - CORRECT ANSWER-Checklists
Charts of information
Calendars or schedules
Inventories
Work orders
Request forms


Characteristics of a Community Association - CORRECT ANSWER-
Mandatory membership
Mutually binding documents
Lien-based assessments


Purposes of a Community Association - CORRECT ANSWER-Business
- Not for profit
Government - Runs like a mini-government

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