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DIA [1.3K]
2 years ago
7

The broker has seven different escrow accounts because he wants to maintain good relationships with each of the different banks.

These relationships will help the broker get financing for some of the builders with whom he works. The broker is a signatory on all the accounts and he maintains no more than $1000 of his own money in each account. He reconciles all of the accounts no more than 30 days from the last reconciliation. Can the broker have this many accounts
Business
1 answer:
Zigmanuir [339]2 years ago
8 0

Yes, a  broker can have many accounts.

<h3>Who is a broker?</h3>

A broker can be defined as someone who deals in shares or someone who buy and sell shares to investors.

A broker can do the following:

  • A broker can  have one escrow account
  • A broker can maintain  or be  in charge of many escrow accounts.
  • A broker must  tend to reconcile the account or  carryout reconciliation on the account no higher than 30 days from the last reconciliation.

Therefore a broker can have many accounts.

Learn more about who is a broker here:brainly.com/question/17011472

#SPJ1

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Answer:

$134,000.

Explanation:

According to the rules of GAAP,  the asset's value recorded in the books is the cost at which it was acquired. The recorded value becomes the assets book value. For tangible assists such as land, motor vehicles, and buildings, the book value will comprise the actual assets' cost plus all other acquisition related costs such as agents fee and surveys fee.

For easy service repairs, the price it paid was $134,000. It accepted the counteroffer, meaning it paid that amount for the land. No other related costs are mentioned. $134,000 is the book value for the land.

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4 years ago
How does Lincoln honor the battle of Gettysburg in his address? What did the soldiers fight for in his opinion?
Pani-rosa [81]

Answer:

a. He honors the battle in his address using the following words, ''Now we are engaged in a great civil war, testing whether that nation or any nation so conceived and so dedicated, can long endure. We are met on a great battle-field of that war.''

b. In his opinion the soldiers fought for freedom, equality and human rights.

Explanation:

The Gettysburg address was a short speech made by Abraham Lincoln on November 19, 1863 at the official dedication ceremony in Pennsylvania at the site of the battle field after the civil war. It was a declaration of freedom and independence and further cemented the soldiers sacrifice for equality and human rights.

He honored the battles by reiterating that the sacrifice made by the soldiers will not be in vain. This he does by saying that the soldiers themselves whether alive or dead have already consecrated the ground of battle and no further addition or detraction is needed. This meant that the battles itself was proof enough that the nation was ready for independence and justice.

Additionally, he also stated that the soldiers fought for freedom and the government for the people, by the people and of the people. This in other words means that the soldiers fought for democracy, where everyone is equal under the law. That equality and justice is the foundation upon which this newly independent nation has been built.

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