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3 years ago

What is the main difference between the natural hazards disclosure statement and the real property transfer disclosure statement

Business

1 answer:

fenix001 [56]3 years ago

5 0

Answer:

the transfer disclosure statement is limited to information that the seller has, while the natural hazards disclosure requires additional research

Explanation:

Both of these statements are prepared by the seller. The transfer disclosure statement has requirement for just declaration of obvious latent defects. It is limited to information that the seller has, while the natural hazards disclosure statement requires divulging if the property is in a zone known to be risky based on government maps. Therefore it requires additional research.

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On the first day of the fiscal year, Hawthorne Company obtained an $88,000, 7-year, 5% installment note from Sea Side Bank. The

olasank [31]

Answer:

Debit to interest expense for $4, 400

Explanation:

The journal entry is shown below:

Interest expense A/c Dr $4,400

Notes payable A/c Dr $10,808

To Cash A/c $15,208

(Being the due payment is recorded)

For due payment, we debited the interest expense and the notes payable account and credited the cash account as cash is paid for the first annual payment due on the note

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4 years ago

Because other firms are willing to pay to advertise with them, suppliers of nonrival private goods often modify their products t

OLEGan [10]

Answer:

b. Public Goods

Explanation:

Public Goods -

It is the type of goods and services , which each and every person can use , without any kind of restriction , is known as public goods .

These type of goods are considered to be non - rivalrous , i.e. , these goods do not reduce , irrespective of their usage .

And ,

are non - excludable , i.e. , these goods are open for all and some individual or group van not hold on to it .

The example of public goods are - public parks , sewer system , law enforcement etc .

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4 years ago

Suppose banks keep no excess reserves and that all banks are currently meeting the reserve requirement. The Federal Reserve then

ANTONII [103]

Answer:

1. Assets is debited for $10,000 as loans.

2. Liabilities is credited for $10,000 as deposits.

Explanation:

Note: This question is not complete as the amount is omitted. The complete question is therefore presented before answering the question as follows:

Suppose banks keep no excess reserves and that all banks are currently meeting the reserve requirement. The Federal Reserve then makes an open market purchase of $10000 from Bank 1.

Use the T-account below to show the result of this transaction for Bank 1, assuming Bank 1 keeps no excess reserves after the transaction.

The explanation of the answer is now given as follows:

Note: See the attached photo for Bank 1's T-Account.

In the attached photo, we can see that:

1. Assets is debited for $10,000 as loans.

2. Liabilities is credited for $10,000 as deposits.

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3 years ago

Stephanie and Mallory are working to identify the work performed and the working conditions for each job within Acme Global. The

rosijanka [135]

I think it is B.job analysis

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3 years ago

Ban Co purchased 50, 5% Waylan Company bonds on January 1, 2016 for $50,500 cash Interest is payable annually on January 1 the J

I am Lyosha [343]

Answer:

a. debit to Interest Revenue for $2,500

Explanation:

Based on the information given we were told that Ban Company made a purchased of 50, 5% Waylan Company bonds for the amount of $50,500 which is a cash Interest that is payable annually which means that the annual interest payment would include a: DEBIT to Interest Revenue for $2,500 calculated as :

Interest Revenue=[(50 x $1,000)×5%]

Interest Revenue=$50,000×0.05

Interest Revenue =$2,500

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3 years ago