Contingent fees - Study guides, Class notes & Summaries

What is a closed-end mutual fund? What is an open-end mutual fund? - Closed- shares issued by an investment company only when fund is organized Open- shares issued and redeemed by the investment company at the request of investors What is the net asset value? When is the net asset value calculates? - value of a mutual fund / at the end of every day What is a load fund? What is a no-load fund? - Load- a mutual fund where investors pay commission every time they buy shares No-load- individ...

CLFP Financial and Tax Accounting for Leases Exam Questions and Answers – Latest 2024/2025 Graded A+. What is a primary goal of the accounting profession? correct answerConsistent treatment of like transactions to allow clarity in presentation and consistency in interpretation of financial statements prepared by various individuals or entities. How did APB (Accounting Principals Board) fail? correct answerCreated Opinion #5 (Reporting of Leases in Financial Statements of Lessees) and Opini...

CFCM Prep Questions and Answers Latest Updated 2024/2025 (100%Solved). How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? (a) Annually (b) Bi-annually (c) Every five years (d) Only as required - Correct Answer-(c) Every five years (FAR 1.109) A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actions is defined as: (a) A ratification (b) Determi...

PROPERTY Ownership Ownership of real property may be transferred by sale, gift, upon death by devise (will) or intestate succession. - Present Possessory (Freehold) Estate: an estate must be immobile and for an indeterminate duration; the owner has the right to currently possess the property - Future Interests: an interest in presently existing property or in a gift or trust; the use, possession, or enjoyment may start sometime in the future - Concurrent Estate: ownership or possession of r...

Continuing legal education (CLE) correct answers Training in the law (usually short term) that a person receives after completing his or her formal legal training. Traditional paralegal correct answers A paralegal who is an employee of an attorney Independent contractor correct answers One who operates his or her own business and contracts to do work for others who do not control many of the administrative details of how the work is performed. Transactional paralegal correct answers One...

CFCM Prep Questions and Answers Latest Updated 2024/2025 (100%Solved). How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? (a) Annually (b) Bi-annually (c) Every five years (d) Only as required - Correct Answer-(c) Every five years (FAR 1.109) A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actions is defined as: (a) A ratification (b) Determi...

MPRE EXAM QUESTIONS WITH VERIFIED ANSWERS LATEST Business Transactions with Clients - Answer-1. Transaction must be fair and reasonable to client 2. Lawyer must disclose all terms to client in writing, in a way the client understands 3. Lawyer must advise client in writing to get independent counsel 4. Client must give informed consent in a signed writing Exceptions to when client must give informed consent in a signed writing for business transactions - Answer-a. an ordinary fee agre...

In cases involving extensive injuries and a solvent or insured defendant, attorneys will be paid a percentage of the award if the case is successful. Fees structured this way are called _________fees. Participatory Contingent Shared Deferred - Answer Contingent

RPA 1 - Final Exam 100 Questions with Complete and Certified Solutions Top-hat plan A retirement plan that is unfunded and maintained by an employer primarily for the purpose of providing deferred compensation for a "select group of management or highly compensated employees" is called a (n): Economic Benefit A theory of income taxation that imposes current tax liability on taxpayers who receive something of reasonable value is known as the doctrine of: Must be given the election to remain u...

CFCM Practice Test Questions and Answers Graded A+ - Latest Updated 2024/2025 (Solved) How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - answerEvery 5 years A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actionsi s defined as a - answer-determination and findings Contracting officers below the level of ___ shall be selected and appointed - an...