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OverLord2011 [107]
3 years ago
7

The california “standard form” policy of title insurance on real property insures against loss occasioned by:

Business
1 answer:
AVprozaik [17]3 years ago
3 0

The California “standard form” policy of title insurance on real property insures against loss occasioned by a forgery in the chain of recorded title.

 

To add, standard form policy is an insurance policy form that is designed to be used by many different insurers and has exactly the same provisions, regardless of the insurer issuing the <span>policy.</span>

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The amount of the outstanding checks is included on the bank reconciliation as a(n) deduction from the balance per company's rec
Sphinxa [80]

Answer:

D) deduction from the balance per bank statement

Explanation:

A bank reconciliation statement is a document that matches the cash balance on a company’s balance sheet to the corresponding amount on its bank statement. Reconciling the two accounts helps determine if accounting changes are needed. Bank reconciliations are completed at regular intervals to ensure that the company’s cash records are correct. They also help detect fraud and any cash manipulations.

7 0
3 years ago
Keesha Co. borrows $230,000 cash on December 1 of the current year by signing a 150-day, 12%, $230,000 note. 1. On what date doe
muminat

Answer:

See explanation section

Explanation:

Requirement 1

April 30 is the maturity date of the note.

December 31 + January 31 + February 28 + March 31 + April 30 = 150 days.

Therefore, the note will be matured in the April 30, next year.

Requirement 2 & 3

Current year Interest: December 1 - December 31 = 30 days interest = $230,000 × 12% × (30 ÷ 360) = $2,300.

Following year Interest: January 1 - April 30 = 120 days interest = $230,000 × 12% × (120 ÷ 360) = $9,200.

Total Interest = $11,500

Requirement 4

Journal Entries

(a)  Dec. 1     Cash                     Debit      $230,000

                    Notes payable     Credit     $230,000

To record the borrow a loan by issuing a 150-day, 12% note.

(b)  Dec. 31   Interest Expense     Debit    $2,300

                    Interest payable      Credit   $2,300

To record the accrued interest expense on December 31 (Current year).

(c)  April 30  Notes payable      Debit     $230,000

                    Interest payable    Debit     $2,300

                    Interest Expense   Debit     $9,200

                                   Cash        Credit       $241,500

To record the payment of the note at maturity.

6 0
3 years ago
What is the IRS method of allocating expenses between rental use and personal use?
lidiya [134]

Answer:

Schedule E- Allocation of Rental and Personal Expenses.  

Explanation:

Hello so I am gonna assume your talking about what I said above if you use your dwelling unit for both rental and personal purposes, divide your expensive  between the rental use and the personal use based on the number of days used for each purpose.

Hope this helps :)

3 0
3 years ago
Barney hendricks is interviewing web developers for his company. over lunch, he tells you that his top candidate showed lots of
anastassius [24]
Barney appears to be very impressed by the candidate's non-verbal communication skills.
8 0
3 years ago
Read 2 more answers
Michael receives a monthly salary of $2500 plus a commission of 2% of total orders written. If his orders for the month were $34
Bumek [7]

Answer:

$3,180

Explanation:

Monthly salary would be the base salary = $2500

Since he would earn 2% of all orders, calculate the dollar value of the commission when total orders amount to $34000;

Commission = 2% *34000 = $680

His total pay would be calculated by adding the base salary to the commission amount;

Total pay = base salary + commission

Total pay = $2500 + $680

Total pay = $3,180

7 0
3 years ago
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