Answer:
TRUE
Interest income received by a cash basis taxpayer is generally reported in the tax year it is received.
Answer:
Excess supply as well as excess demand in market A
Explanation:
Equilibrium price is the price of the market, where the quantity of the goods supplied will be equal to the quantity of the goods demanded by the customers. The equilibrium price is determined by the intersect of the demand and the supply curve.
When the equilibrium price is $24, but the current price is $21, so, at this price, there would be supply and the demand in excess for the customers of the goods exist in the market A.
The condition when a payment cap is applied and the required payment does not cover the interest expense, the unpaid interest is added to the loan thereby increasing the loan balance even though the required payment is being made, is known as a negative amortization.
<h3>
What is negative amortization?</h3>
A condition where the amount owed by an individual keeps adding even after the repayments are done is known as negative amortization.
Such condition of a negative amortization arises as the amount being repaid does not fully or partly cover the interest amount.
Hence, the significance of negative amortization is aforementioned.
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A mortgage professional can use any of the following techniques to detect fraudulent documents, except requiring that consumers provide only notarized supporting documentation.
A mortgage expert can spot forged paperwork using a variety of techniques. These include comparing the handwriting on an original application and any supporting papers, following the chain of custody for all verifications, and checking for watermarks and printed fraud protection patterns on pay stubs and bank statements.
A mortgage broker collaborates with all parties involved in the loan process, including the real estate agent, underwriter, and closing agent, to ensure that a borrower receives the best financing and that the loan closes on schedule.
A broker has the option of working alone or with a brokerage firm. For in-depth news, comment, and analysis, as well as market trends and business information, the industry frequently turns to MPA as a valuable resource.
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A is your answer so then there is less supply than there is demand.
