Answer:
Mandy Capital A/c Dr. $100,000
Brittney Capital A/c Cr. $100,000
Explanation:
Mandy selling $100,000 shares of assets, so we will report the transaction on the sale of stock by the amount of equity sold. Now, all parties will negotiate the price that one can sell to another for this equity valuation, which would be $85,000 in this case.
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Diversifying. It is so that they can tap into other markets.
Answer:
Dr Cash $310,400
Dr Factoring expense$9,600
Cr Account receivable $320,000
Explanation:
Preparation of the journal entry to record the sale of the receivables on Morales Company's books.
Dr Cash $310,400
($320,000-$9,600)
Dr Factoring expense$9,600
($320,000*3%)
Cr Account receivable $320,000
(Being to record the sale of the receivables on Morales Company's books
Answer:
Mortgage Broker Dual Agency Disclosure Form
Explanation:
The Mortgage Broker Dual Agency Disclosure Form is a document a broker needs to fill in when he/she acts as a mortgage broker and real estate broker in the same operation to inform the buyer and the seller before he/she can provide the services and it must be signed by both parties. So, according to this, the answer is that a banking department form required when a person is acting as a mortgage broker and a real estate broker in the same transaction is known as the Mortgage Broker Dual Agency Disclosure Form.