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3 years ago

Ownership of real property is usually transferred by an instrument called a

2 answers:

6 0

<span>DEED. The attorney involved in conveyancing is the person who takes the desires of the buyer and seller and translates them into reality by drafting and recording appropriate deeds or similar instrument.There are two type of deeds commonly used in real estate transactions.The most common of deed is warranty deed.A warranty deed transfers ownership and also explicitly promises that the grantor/seller holds good title to the property.The other form of deed is quitclaim deed.A quitclaim transfers any ownership interest the grantor/seller has in the property,but makes no promises or guarantees about what that interest is or that title is good.</span>

sukhopar [10]3 years ago

6 0

Its transferred with a DEED

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Perhaps ahead of the times, __________ warned of the dangers of the coalescing interests of the top leaders of business, politic

mylen [45]

It should be noted that Perhaps ahead of the times, Talcott Parsons warned of the dangers of the coalescing interests of the top leaders of business, politics, and the military.

<h3>Who is Talcott Parsons?</h3>

Talcott Parsons can be regarded as American sociologist which was famous for structural functionalism.

He stressed about the dangers of the coalescing interests of the top leaders of business, politics.

Learn more about Talcott Parsons at;

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2 years ago

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Hayward Company, a manufacturing firm, has supplied the following information from its accounting records for the month of May:

ira [324]

Answer:

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Explanation:

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4 years ago

Take Test: Lab 3: Saving for Retirement Quiz Suppose Betty saves $200 each month in her 401(k) account. How much less will her m

g100num [7]

Answer:

$160

Explanation:

her net monthly take home pay will be reduced by $200 x (1 - combined tax rate = $200 x (1 - 20%) = $200 x 0.8 = $160

If instead of contributing to her 401k account, Betty took the money home, she would have to pay $40 in taxes (both state and federal), so the net amount that she receives is reduced by the taxes that she pays.

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3 years ago

In corporations, it is easy to transfer ownership by selling stock.<br> Select one: true or false

Serhud [2]

Answer:

the question is false

Explanation:

you can't sell stock for ownership

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2 years ago

Pitney Co. purchased an office building, land, and furniture for $639,300 cash. The appraised value of the assets was as follows

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Solution :

a).<u> Amount to be recorded on the books for each of the assets.</u>

Working Allocated cost($)

Land (639,300 / 716,016 )x 136,043 121467

Building (639,300 / 716,016 )x 179,004 159825

Furniture (639,300 / 716,016 )x 400,969 358008

Total 639,300

b). <u>Statement model</u>

Assets : Cash + Land + Building + Furniture

639,300 + 121,467 + 159825 + 358008

Cash flow = 639,300

c). <u>Journal entry</u>

General journal Debit($) Credit($)

Land 121,467

Building 159,825

Furniture 358,008

Cash 639,300

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3 years ago