Pennsylvania Real Estate Commission RePA_Sales_S Q&A - in .pdf

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  • Exam Name: PA Salesperson State Exam
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NEW QUESTION: 1
A user states they constantly get pop-ups on their workstations asking them to buy a product. Which of the following is this known as?
A. Phishing
B. Social engineering
C. Malware
D. Shoulder surfing
Answer: C

NEW QUESTION: 2
On January 1, an entity issued a 10-year US $500,000 bond at 96% of its face amount. The bond bears interest at 12%, payable on January 1 and July 1. The entry to record the issuance of the bond on January 1 is:

A. Option D
B. Option B
C. Option C
D. Option A
Answer: C
Explanation:
The entity received US $480,000 cash on the issuance of the bond. Its face amount is US $500,000, the amount to be paid at maturity. Hence, the credit to bonds payable is US $500,000. The US$20,000 difference is recorded as a discount on bonds payable a debit and is amortized over the life of the issue.

NEW QUESTION: 3
All MCUs under the same service area must have the same prefix number. () Right or Wrong
A. Right
B. Wrong
Answer: B

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