The accounts receivable subsidiary ledger is a book of accounts that provides supporting detail for Accounts Receivable.
Answer:
a. What is the amount and character of Kimberly's recognized gain or loss on the distribution?
Kimberly's capital gain = land's FMV - other land's FMV = $22,675 - $19,850 = $2,825
b. What is Kimberly’s remaining basis in KST after the distribution?
Kimberly's basis = basis + gain - land basis = $18,300 + $2,825 - $15,575 = $5,550
c. What is KST's basis in the land Kimberly contributed after Kimberly receives the distribution?
KST's basis on the land = land's basis + Kimberly's gain = $12,750 + $2,825 = $15,575
A borrower has applied for a loan from a mortgage company that intends to process the loan and then submit it to an investor for underwriting, closing, and funding. This borrower has applied with a "mortgage broker".
<h3>What is mortgage broker?</h3>
On behalf of their clients, mortgage brokers conduct loan options research and deal with lenders. Additionally, a broker may arrange all loan paperwork, obtain the buyer's credit reports, confirm their income and expenses, and more.
The roles of a mortgage broker are-
- To ensure that a borrower receives the best financing and the loan closes on schedule, a mortgage broker works with everyone involved in the lending process, including the real estate agent, underwriter, and closing agent.
- A broker may operate on their own or with a brokerage company. On behalf of their clients, mortgage brokers conduct loan options research and deal with lenders.
- A strong loan-pricing system that values a mortgage loan across multiple lenders at once is also available to many brokers, which speeds up and streamlines the process.
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<span>When setting standards by benchmarking, the first step is to determine what you want to benchmark. When you are working on benchmarking you are looking at and evaluating one thing with another. By performing the benchmarking activity the business can gain information on various activities where they are doing well or where they an improve in regards to other businesses. </span>
The impact of this movement on the existing DBMS vendors is that there's a threat since NoSQL databases solved the problems that DBMS can't solve.
From the complete information, it should be noted that NoSQL databases were created by big companies to meet the business requirements that DBMS couldn't meet.
Therefore, there'll be a threat to the existing DBMS since NoSQL databases solved the problems that DBMS can't solve. As a response, DBMS vendors can look into making their products available to the open-source community.
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