Answer:
Dual
Explanation:
real estate transaction,which is used to convey ownership of a particular property to the buyer whereby there is a mutual agreement on some terms. The contract may be long it in shirt time.the end process is usually reffered to as “closing,” and this is a term that explains that both parties need to fulfill all terms and conditions that is associated with the exchange.
It should be noted that When a single broker represents both parties in a real estate transaction, a dual agency may exist.
Answer:
$ 10.38 billion
Explanation:
Using six-tenths rule
Estimated cost / the known cost = (size of the estimate / size of the known)^0.6
Estimate = $ 12 billion ( 110000/140000)^ 0.6
Estimate = $ 10.38 billion
Answer:
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Explanation:
Answer:
3. The transaction Analyze the transaction, enter transaction in a journal, transfer journal information to ledger accounts.
Explanation:
According to accounting recording process for transactions the sequence is as follows:
1. Prepare Transaction
2. Analyze the the transaction
3. Enter the transaction in the journal
4.Transfer it to ledger accounts
5. Prepare trial balance
6. Prepare financial statements
So the option 3 is correct.
Answer:
A financial statement showing the revenue and expenses for a fiscal period. True
Explanation:
A financial statement showing the revenue and expenses for a fiscal period. <em><u>True because </u></em> income statement is a financial statement and shows the expenses and income ( revenue) during a fiscal period.
A fiscal period is the time period reflected in a financial statement. It is usually a quarter or an accounting period.
There are four main kinds of financial statements. Income statement is one of the financial statement which tells about the expenses and revenues
