lOMoAR cPSD| 56342273
CLFP - CLASS REVIEW STUDY GUIDE WITH 100% RATED CORRECT
REAL EXAM QUESTIONS AND CORRECT ANSWERS| GRADED A+
|2025 LATEST VERSION | 100% VERIFIED
Common methods of lessor
financing?✔✔✔ANSWER➖Self funded
Broker
Discounting
Debt/equity
Securitization
Influencers that could introduce
prospects?✔✔✔ANSWER➖Attorneys
Vendors
CPA
Banks/Associations
Different ways a financial statement can be
, lOMoAR cPSD| 56342273
prepared?✔✔✔ANSWER➖Compilation
Reviewed
Audited
Most important Acts of
Default?✔✔✔ANSWER➖Failure to pay
Failure to pay sums due
Failure to perform act of obligation under lease
What are UCC Article 2 Implied
Warranties?✔✔✔ANSWER➖Merchant sells goods
deemed to warrant. In good condition.
May be excluded with "conspicuous disclaimer, as-is"
What is the difference between FASB 13 and IRS 55-
540?✔✔✔ANSWER➖FASB 13 - Operating lease
(Acct.)IRS 55-540 - Tax Lease (Tax)
CLFP - CLASS REVIEW STUDY GUIDE WITH 100% RATED CORRECT
REAL EXAM QUESTIONS AND CORRECT ANSWERS| GRADED A+
|2025 LATEST VERSION | 100% VERIFIED
Common methods of lessor
financing?✔✔✔ANSWER➖Self funded
Broker
Discounting
Debt/equity
Securitization
Influencers that could introduce
prospects?✔✔✔ANSWER➖Attorneys
Vendors
CPA
Banks/Associations
Different ways a financial statement can be
, lOMoAR cPSD| 56342273
prepared?✔✔✔ANSWER➖Compilation
Reviewed
Audited
Most important Acts of
Default?✔✔✔ANSWER➖Failure to pay
Failure to pay sums due
Failure to perform act of obligation under lease
What are UCC Article 2 Implied
Warranties?✔✔✔ANSWER➖Merchant sells goods
deemed to warrant. In good condition.
May be excluded with "conspicuous disclaimer, as-is"
What is the difference between FASB 13 and IRS 55-
540?✔✔✔ANSWER➖FASB 13 - Operating lease
(Acct.)IRS 55-540 - Tax Lease (Tax)
