Select the one cost that is not involved in home ownership
A) Down payment
B) Closing/settlement costs
C) Rental deposit
D) Points/discount points
E) Loan origination fee
Answer: C
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Net income for the year was $29,500 . Accounts receivable increased $2,500, and accounts payable increased$5,400 . There were no other changes in noncash current assets and liabilities. Under the indirect method, the cashflow from operations is $32,400
a. True b. False Indicate whether the statement is true or false
The United Nations is a type of ________
A. transnational corporation B. nonprofit non-governmental organization C. intergovernmental organization D. multinational enterprise
The degree of annexation is always controlling in determining whether property is real or personal
Indicate whether the statement is true or false
As part of a corporate formation meeting the 80% test, an individual who contributes property and receives, in return, stock plus property, will report a taxable gain equal to the lower of the FMV of the property received or the gain on the transfer.
Answer the following statement true (T) or false (F)