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Exam Code: MLO
Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
Vendor: NMLS

60 Questions & Answers
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NEW QUESTION: 1
When using the liability method, income tax expense is calculated:
A. by determining the amount required to "plug" the entry after the income taxes payable, deferred tax asset, and deferred tax liability have been calculated and put into the entry
B. by adding deferred tax asset to the income taxes payable
C. by applying the current year's rate to pretax accounting income
Answer: A
Explanation:
Income tax expense is always the amount to make the entry balance, after the income taxes payable, deferred tax asset and deferred tax liability have been computed.

NEW QUESTION: 2
Which two operating systems are fully supported by SurePOS 7x5 models?
A. Windows Vista Ultimate
B. Windows 7 Professional
C. SUSE Linux Enterprise
D. Retail Environment for SUSE (IRES)
Answer: B,C
Explanation:
The following Operating Systems are currently supported on the 4900-7x5: IBM 4690 OS, V6.3 Enhanced SUSE Linux Enterprise Point of Service 11 with Service Pack 2 (when available) Microsoft Windows POSReady 2009 Microsoft Windows POSReady 7 (B)Microsoft Windows 7 Professional Microsoft Windows 7 Ultimate (A)SUSE Linux Enterprise 11 Server with Service Pack 2 (when available) SUSE Linux Enterprise 11 Desktop with Service Pack 2 (when available)
PC DOS 2000* No POSS DOS driver support

NEW QUESTION: 3
universal containers has implemented multi currency. There are several products that universal containers sells exclusively in europe and the UK. Opportunities for these products need to be written in euros or british pounds. Which solution should an app builder recommend ?
A. Create a new sales process that includes only the EUR and GBP currencies for these products.
B. Create a new page layout for these products that shows only the EUR and GRP currencies in the opportunity currency picklist.
C. Create a new record type for these products and include only the EUR and GBP currencies from the opportunity currency picklist
D. Create a new validation rule that allows only EUR or GBP to be selected from all active currencies when an opportunity is created for these products.
Answer: B

NEW QUESTION: 4
You have two similar cases. One case is named Case1 and the other is named Case2
Each case has a different parent case. You attempt to merge Case1 into Case2.
What is the result to the merge process?
A. The cases will not merge. Both cases will become child cases of the parent for Case2
B. Case1 is merged into Case2 Activities and notes are combined under Case1.
C. Case1 is merged into Case2 Activities and notes are combined under Case2.
D. The cases will not merge. Each case will remain parented to their original records.
Answer: B


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