Answer: $40,000
Explanation:
The gain from discounted operations assuming no income taxes, is the gain from the sale of the asset less the net operating losses in the period.
= Gain from Sales of Asset - Net losses in period
= 90,000 - ( 20,000 + 30,000)
= $40,000
Opportunity cost because it was an option but not the right choice
Answer:
The correct answer is Cash to Close number
Explanation:
Closing disclosure is the disclosure which provided by the lender to the person 3 days before closing. It states the final costs as well as the terms of the mortgage.
And the amount of money which is required to close so that loan can be processed is referred to as the Cash to close number. In other words, it is the amount needed to bring the table for closing the deal involving the closing cost and down payment.
