A ________ is responsible for determining the value of the home as part of the loan process
A) banker
B) loan officer
C) real estate appraiser
D) real estate agent
Answer: C
You might also like to view...
You have been negligent anytime your actions cause others harm
Indicate whether the statement is true or false.
Once determined, an unrecognized tax benefit under ASC 740 is not readjusted for subsequent events.
Answer the following statement true (T) or false (F)
Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2019. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired.Demers earns income and pays dividends as follows: 2019 2020 2021Net income$100,000 $120,000 $130,000 Dividends 40,000 50,000 60,000 ??Assume the initial value method is applied.?Compute the noncontrolling interest in Demers at December 31, 2020.
A. $126,000. B. $148,200. C. $109,200. D. $149,600. E. $106,000.
Treads Corporation is considering the purchase of a new machine to replace an old machine that is currently being used. The old machine is fully depreciated but can be used by the corporation for five more years. If Treads decides to buy the new machine, the old machine can be sold for $60,000. The old machine would have no salvage value in five years.The new machine would be purchased for $1,000,000 in cash. The new machine has an expected useful life of five years with no salvage value. Due to the increased efficiency of the new machine, the company would benefit from annual cash savings of $300,000.Treads Corporation uses a discount rate of 12%. (Ignore income taxes.)Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.The
net present value of the project is closest to: A. $171,000 B. $560,000 C. $141,500 D. $136,400