When buying a home, all of the following are factors one should consider, except
A) considering a condominium as an alternative to purchasing a house.
B) once you decide how much you can afford, identifying a specific home you desire.
C) borrowing as much as the lender is willing to loan you since the mortgage interest is tax deductible and may result in a larger tax refund.
D) evaluating the homes for sale in your target area.
Answer: C
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The treasurer for Rahm Corp was preparing a bank reconciliation as of September 30, 2014 . The following items were identified: Rahm's book balance $32,800 Deposits in transit 4,300 Outstanding checks 2,200 Interest earned on checking account 100 Customer's NSF check returned by the bank 400 Rahm Corp's adjusted cash balance at September 30, 2014 is
a. $34,600 b. $34,900 c. $32,500 d. $32,800
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