This involves frequent refinancing that results in little or no economic benefit to the borrower and is undertaken with the primary or sole objective or sole objective of generating additional loan fees prepayment penalties, and fees from the financing of credit-related products. Which type of fraud case is this?
A. Loan flipping
B. Air loan
C. Credit product
D. Backward application
Answer: A. Loan flipping
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Specialty Blades designs precision cutting devices for varied applications
A recent project involved the company working closely with a medical device company to develop a combination scalpel and stapler that makes precise cuts on the tissue and staples closely, which results in less traumatic procedures and quicker patient recoveries. This is an example of which of the eight critical processes performed by supply chain managers? a. Supplier relationship management b. Returns management c. Product development and commercialization d. Order fulfillment
Interest expense paid on a note payable is included in the operating activities section of the statement of cash flows
Indicate whether the statement is true or false