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Full Exam Name: Fundamental Payroll Certification
Vendor Name: APA
Exam Code: FPC-Remote
Questions with Answers (PDF) 65
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NEW QUESTION: 1
Big Easy Investment Banking, Inc., is participating in an Eastern account underwriting of $10 million of municipal bonds by agreeing to underwrite 10% of the issue. One week later, $4 million remains unsold but Big Easy has distributed $1.5 million of bonds.
What is the liability of Big Easy remaining in the account?
A. $400,000
B. $1,000,000
C. $0
D. $600,000
Answer: A
Explanation:
Explanation/Reference:
Explanation: $400,000. In an Eastern account, liability remains open until the entire syndication is closed.
Therefore, Big Easy has a liability for 10% of the unsold portion. Since the unsold portion is $6 million, the liability for Big Easy is 10% of that amount, which is $400,000.

NEW QUESTION: 2
Which of the following can NOT be configured on an Alcatel-Lucent 7750 SR BNG?
A. Accounting with RADIUS server
B. L2TP network server
C. DHCP server
D. DNS server
Answer: D

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