HQS 1: Knowledge Check 4
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Question 1 of 4
1. Question
36. To determine the cash value of an asset, start with the market value and subtract any expenses incurred to convert it to cash.
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Question 2 of 4
2. Question
37. Personal property held as an investment is an asset according to HUD.
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Question 3 of 4
3. Question
38. When assets are disposed of for less than market value as a result of bankruptcy, or foreclosure, they still must be counted when determining the cash value of the family’s assets.
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Question 4 of 4
4. Question
39. An irrevocable trust that is inaccessible to the family is not an asset according to HUD.
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