Study guides, Class notes & Summaries

7 Hour USPAP Eaxm with correct Answers graded A+ All of the following are fiduciary accounts EXCEPT: A) TOD accounts. B) trust accounts. C) estate accounts. D) guardian accounts. - CORRECT ANWERS-A) TOD accounts. Transfer on Death Accounts (TOD) are individual accounts with a designated beneficiary to receive account assets upon the death of the account owner. If a writer of an XYZ equity call option is assigned, which of the following should be delivered to the OCC? A) Cash equa...

7 Hour USPAP Eaxm with correct Answers graded A+ All of the following are fiduciary accounts EXCEPT: A) TOD accounts. B) trust accounts. C) estate accounts. D) guardian accounts. - CORRECT ANWERS-A) TOD accounts. Transfer on Death Accounts (TOD) are individual accounts with a designated beneficiary to receive account assets upon the death of the account owner. If a writer of an XYZ equity call option is assigned, which of the following should be delivered to the OCC? A) Cash equa...