What Type of Fee Is a Front-End or Back-End Fee

question 77

Multiple Choice

What type of fee is a front-end or back-end fee?

• A)Load fund
• B)No-load fund
• C)Front-end load
• D)Back-end load
• E)Management fee

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Definitions:

Completed-Contract Method

An accounting method used where revenue and profit are deferred until a contract is completed, particularly useful in long-term projects.

Percentage-Of-Completion Method

An accounting method used to recognize revenue and expenses of long-term contracts proportionally to the amount of work completed.

Extractive Industry

Industries involved in the extraction of natural resources from the earth, such as mining, drilling for oil, or logging.

Allowance Method

A method of accounting for bad debts that involves estimating and recording the amount of uncollectible accounts receivable.