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NEW QUESTION: 1
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.)
A. 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 only during EO
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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Answer: B
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Explanation/Reference:
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