Series 27: Assets Doubtful Of Collection

Taken from our Series 27 Online Guide

Assets Doubtful of Collection

Receivables whose payments are overdue are also non-allowable assets because they are doubtful of collection. Here are some examples:

• Interest receivable, mutual fund concessions receivable, and management fees receivable from registered investment companies, all of which are outstanding longer than 30 days from the date

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Last August 2020 I passed the Series 28 on the first try using your materials. I just wanted to drop in and let you know I passed the Series 27 exam today!! I am so happy today as I took the test in Jan of this year and missed it by 3 points. I switched up my focus and really zoned in the most heavily weighted chapters. This is by far the hardest exam I have taken. Thank you Solomon for your excellent study materials. I'll be back when I pass the next one ;)

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