B. each year over 5 million collisions occur
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Answer:
Closing disclosure form
Explanation:
Closing disclosure form is a form used in mortgage application that provides a final detail about the mortgage loan being applied for. It is received at least three business days before your closing.
It is usually a five page form that contains information relating to the loan terms , projected monthly payment , interest rate , estate tax and the processing fees to arrived at the closing cost
Other costs that can be found in the closing disclosure form are recording fees, attorney's fees and tax assessment
Answer:
B) an increase of $1,000 (based on the new tax cut)
A) zero for years ended December 31th 2017 or before.
Explanation:
On the recent tax cut of 2018 the hobbies deduction was negated.
The itemized deduction for hobbies is no longer valid in the new fiscal system.
In the previous tax laws Hobbies weren't treated as business as they seek enternainment not profit. It was available to deduct up to the revenues generates from the hobbies.
Since Summer Leasing received funds in advance, they should record the transaction as Debit Cash for the $11,400 and credit Unearned Revenue. Though they received the cash it is technically unearned revenue because they have not provided the service just yet to earn the money. Once the rent has been used, the money will leave unearned revenue and move to revenue.
Answer:
C) Sales returns.
Explanation:
A sales return is an actual return of merchandise inventory by a customer for any reason. The sales return account is a contra sales account, due to its debit nature it is adjusted into the sales value to calculate net sales. As the sales were recorded by the Tom's Textiles so, the return will be classified as sales return.
