Original issue discount - Study guides, Class notes & Summaries

H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - answer-C: relation of earning to insurance The insured should be aware of the issue date upon delivery a policy and the date should be listed on: A: the...

Series 7 Exam Vocab (A-I) Marking Scheme Accredited Investor ANSWER To qualify as an accredited investor for a Regulation D Private Placement, an investor must be either: an affiliate of the issuer, a financial institution or an individual with $1mm net worth or $200k annual income. An investor not meeting one of these tests is considered Nonaccredited Accretion ANSWER A method of adjusting a taxpayer's cost basis of a bond bought at an original issue discount. The annual accretion is tre...

AARP medicare supplement insurance plans certification test with certified solutions AARP an its affiliates are not insurers med sup plans cover some or all OOP expenses for medicare eligible care such as medicare coinsurance copayments deductibles before enrolling your consumer, make sure you have presented and the consumer understands ALL COSTS associated with the plan what is helpful for explaining costs to the consumer the enrollment kit who regulates med sup insurance each states depart...

Form W9 Request for ITIN (individual taxpayer identification number) Form 4506 Request fro transcript of tax return (copy) Form 1040ES Estimated tax for individuals Form 8822 Change of address Form 4868 Application for automatic extension (6 months) Form 2848 Power of Attorney Form 1099-B Proceeds from broker and barter exchange transactions Form 1099-C Cancellation of Debt Form 1099-DIV Dividends and distributions Form 1099...

Institutions that include Commercial Banks, Credit Unions and Savings Institutions - correct answer Deposit Taking Institutions Institutions that include Finance companies, Insurance Companies, Mutual Funds, Pension Funds, Securities Firms, Investment Banks and Venture Capitals - correct answer Non- Deposit Taking Institutions financial markets in which users of funds (e.g. corporations and govern...

ACA [ICAEW] – ACCOUNTING (2023/2024) ALREADY GRADED A Books of Original Entry 1. Cash Book 2. Sales Day Book (Credit Sales) 3. Purchases Day Book (Credit Purchases) 4. Petty Cash Book 5. Journal Book 6. The Payroll Statement of Financial Position SOFP - Snapshot of assets controlled, liabilities owned and capital at a point in time Statement of Profit and Loss Income and expenses over a period of time The Business entity concept Business transactions should be kept separate from the persona...

Fixed Income Securities Test 2 (Answered) Complete Solution Assume you purchased Treasury bond on November 14, with an annual coupon rate equal to 15%. At settlement you must pay accrued interest equal to $2.51. Assuming there are 182 days in a coupon period, how many days were in the AI period? Coupon of 15% = $15 per $100 of par Coupon interest per day = 15 / 364 = .0412 $2.51 / .0412 = 61 days Which of the following statements is FALSE? - all coupon treasury security can be created ...

Short-term tends to be more... - correct answer volatile Economy is strong when... - correct answer interest rates go up real risk free rate - correct answer r* , rate for short term risk less security when inflation is expected to be 0, rate on short-term U.S. treasure securities assuming there is no inflation default risk premium - correct answer ...

Real Estate Appraisal: SAE Fundamentals 2023 Rated 100% Correct The appraisal process requires that the appraiser collect, record and verify -ANS- data on the region, city and neighborhood when choosing comparable sales for the sales comparison approach, property characteristics that should be identical or very similar to those of the subject property include the -ANS- size of lot & building, ager of building and type of construction, number and type of rooms one method of compensation ...

The hereditary approach states what? An individual's personality is determined by molecular structure of genes. hereditary determined at time of conception Myers-Briggs Type Indicator Most widely used personality test that includes Extroverted (E) versus Introverted (I), Sensing (S) versus Intuitive (N), Thinking (T) versus Feeling (F), Judging (J) versus Perceiving (P What is the major problem with the Myers-Briggs personality test? It forces a person to be categorized...