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2 years ago

A legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds is called a(n):

1 answer:

6 0

A mortgage is the legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds.

<h3>What is a mortgage?</h3>

This refers to the legal agreement by which a bank or society lends its money at interest in exchange for taking title of the debtor's property with the typical condition that the conveyance of title becomes void upon the payment of the debt.

Often, these mortgage also gives the lender a right to be paid from the cash proceeds of the sale of a borrower's assets identified with.

Hence, it is the legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds.

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Companies must follow generally accepted accounting principles (gaap) for ______ accounting reports.

Snowcat [4.5K]

Companies must follow generally accepted accounting principles (gaap) for international financial reporting standards accounting reports

<h3><u>What are international financial reporting standards ?</u></h3>

The International Financial Reporting Standards (IFRS) are a group of accounting guidelines that specify which kinds of transactions and events must be disclosed in financial statements.
The International Accounting Standards Board created and maintains them (IASB).
The IASB wants the rules to be implemented consistently across the world so that investors and other users of financial statements may compare the financial performance of publicly traded firms with that of their worldwide peers on an equal footing.
More than 100 nations, including the European Union and more than two-thirds of the G20, currently utilize IFRS.
International Accounting Standards (IAS), which were more traditional standards that IFRS superseded in 2000, are occasionally mistaken with IFRS.

To view more about GAAP refer to:

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2 years ago

Suppose that the production function faced by a 30-weight ball bearing producer is given by Q- 4KL, where MP = 2K2 and MP = 2K L

Delicious77 [7]

Answer and Explanation:

The answer is attached below

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3 years ago

if demand for overnight funds in the graph should increase by $50 billion at each and every point on the demand curve, but the f

krek1111 [17]

Answer:

if each taxpayer paid the same lump-sum amount regardless of income level, the tax system would be: group of answer choices regressive. proportional. disproportionate. progressive.Franklin reviews financial data of a company to ensure accurate and complete information. Which job title does he most likely have?

Financial Manager

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Explanation:

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1 year ago

Canned food available for sale at grocery stores have been subjected to a commercial canning process. If you bought a can of pea

umka21 [38]

Answer:

Three things:

-Under processing before canning

-Spoilage before canning

-entrance of water through can seams during cooling

Explanation:

The preservation process is aimed at reducing the rate of spoilage of food products over time.

When adequately processed a time can be given during which the food product is still not spoilt. For example 1 year from date of canning. After this period there is a high possibility of food spoilage.

If a can of peas was bought from a grocery and it is spoilt it is either the peas were not well processed, there was spoilage before commercial canning, or water entered when cooling during canning

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3 years ago

What is polycentricity?

bulgar [2K]

Answer:

Definition of polycentric

: having more than one center (as of development or control): such as. a : having several centromeres polycentric chromosomes.

Explanation:

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3 years ago