All categories

2 years ago

Which document must a prospective buyer of an existing (resale) condominium unit receive?

Business

1 answer:

dimaraw [331]2 years ago

6 0

Answer:

Governance Form.

Explanation:

The buyer has the right to request a copy of several documents, including the Governance Form. This form summarizes the board of directors and unit rights.

You might be interested in

On July 1, 1992, York Co. purchased as a held-to-maturity investment $1,000,000 of Park, Inc.'s 8% bonds for $946,000, including

professor190 [17]

Answer:

Park Bonds 1,000,000

Discount on bonds (79,400)

Interest receivable 80,000

Carrying value 1,000,600

Explanation:

Investment on Park Bonds 1,000,000

interest receivable 40,000

cash 946,000

discount on Park bonds 94,000

Carring value at December 31th 1992

946,000 x 10% = 94,600 interest revenue

Cash proceeds 1,000,000 x 0.08 = 80,000 interest receivable

Discount on Bonds 14,600

94,000 - 14,600 = 79,400

94,600 interest revenue

(40,000) accrued interest

54,600 gains for the period

Park Bonds 1,000,000

Discount on bonds (79,400)

Interest receivable 80,000

Carrying value 1,000,600

5 0

3 years ago

For the following activity, indicate which of the objectives of managerial accounting activity is involved. In some cases, sever

Sladkaya [172]

Answer:

c. Motivating managers and other employees toward the organization's goals.

Explanation:

8 0

2 years ago

In 2021, Short Construction began construction work under a four-year contract. The contract price is $2,000,000. Short recogniz

Masja [62]

Answer:

The appropriated answer will be "$1,700,000".

Explanation:

Revenue understood by completion percentage = Design balance throughout progress = $200,000

The percentage completion throughout the whole year will be:

⇒ $\frac{200,000}{2,000,000 }$

⇒ $10 \ percent$

The cost incurred throughout the whole year will be:

⇒ $Revenue \ recognized - Income \ on \ the \ contract$

⇒ $200,000 - 30,000$

⇒ $170,000$ ($)

Now,

The total estimated cost of the project at the end the year 2021 will be:

⇒ $\frac{170,000}{10 \ percent}$

⇒ $1,700,000$ ($)

6 0

3 years ago

Answer answer answer answer answer answer answer

Tomtit [17]

Answer:

answer answer answer answer

Explanation:

answer

8 0

2 years ago

Read 2 more answers

1. A company issues new stock with a fair value of $120,000 to acquire 85% of the stock of another company. The fair value of th

Delicious77 [7]

Answer:

A. $10,500

Explanation:

FV of IDNA:

Book value $ 15,000

Revalued plant assets ($25,000)

license agreements $30,000

Intangible assets $50,000

$ 70,000

Non-controlling interest valued at the date of acquisition, following the alternative method allowed by IFRS = 15% * 70,000 = $10,500.

4 0

3 years ago