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A back-dated loan is initiated and "Liquidate Back Valued Schedules" is set to Yes at the account level. Which statement is true? (Choose the best answer.)
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B. Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed only during EOD
C. Accounting entries related to an Accrual event for back-dated schedules are passed when the account is saved. However, accounting entries for an ALIQ event for back-dated schedules are passed when the loan account is authorized
D. Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed when the loan account is saved.
Answer: B
NEW QUESTION: 2
A. Option C
B. Option B
C. Option D
D. Option A
Answer: C
Explanation:
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Explanation/Reference:
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