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CTP · Question #327
CTP Question #327: Real Exam Question with Answer & Explanation
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Question
- (Topic 4) Company A has decided to purchase $3,000,000 of real estate from Company B. Company A will make the payment in 3 parts. The electronic payments will be sent from Bank A to Bank B. On Day 1 Company A will send a $400,000 check as a deposit, which is deductible from the balance. The check is expected to clear in 4 days. On Day 2, two payments are initiated, one wire transfer for $2,000,000 and an ACH for $600,000 to complete the
Options
- A33.3%
- B66.7%
- C86.7%
- D100%
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