Analyze Client Financial Position
Series 65 · Flashcards
SERIES 65 · FLASHCARDS
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QUESTION
Find the current ratio if current assets are
$
90,000
\$90{,}000
$90
,
000
and current liabilities are
$
60,000
\$60{,}000
$60
,
000
.
QUESTION
What is the formula for net worth on a client balance sheet?
QUESTION
Identify the holding period needed for long-term capital gain treatment.
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ANSWER
More than
1
1
1
year. Qualifies assets for preferential long-term capital gains tax rates under IRS rules.
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