George and Susan are selling their home. Which of the following charges will appear as a credit to them on the settlement statem
ent?
1 answer:
Answer: Contract sale price
Step-by-step explanation:
The rest of the question with the option is what I sent as a picture
1) the sale of a house can't be recorded as a loan balance, whether credit or debit, only if they are selling the house to pay a loan, which in that scenario will be a debit for George and susan
2) selling a house can be categorized as a contract sale, so the price of the house will definitely be a contract sale price, and since George and Susan are the ones selling and not buying, it will be seen as credit for them
3) the house can't be recorded as unpaid items still due from the sellers because that would be a debit for George and Susan
4) Documents preparation fees wont be a credit for George and Susan, because they will spend money to prepare the documents for the sale of the house, so it won't be as credit in their favor
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Answer:
Amount of hay in first barn = 90 tons
Amount of hay in second barn song = 30 tons
Step-by-step explanation:
Let the amount of hay in second barn be x, then hay in first barn will be 3x.
20 tons of hay was removed from first barn and ws added to second barn.
Now, the amount of hay in first barn = 3x -20
Amount of hay in second barn = x+20
The equation now formed is:
x+20 = (3x-20)
7x+14 = 15x -100
-8x = -240
8x = 240
x = 30
3x = 90
Amount of hay in first barn = 90 tons
Amount of hay in second barn song = 30 tons