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Morgarella [4.7K]
3 years ago
8

An appraiser prepared an appraisal report in April 2019. He testified in court regarding the value of the property in January 20

20. The decision was rendered in February 2020 and was appealed in April 2020. The appellate court heard the case in January 2021 and remanded the case for reconsideration by the lower court. Final disposition of the case occurred in September 2021. At a minimum, how long must the appraiser retain his workfile?
Business
1 answer:
Salsk061 [2.6K]3 years ago
7 0

Answer: April 2024

Explanation:

Based on the information given in the question, at a minimum, the appraiser must retain his workfile till April 2024.

It should be noted that appraisal records should be kept for at least a period of 5 years. In a situation whereby there is a report which is involved in the litigation, then such file must be maintained for a further two years. This is according to the Uniform Standards for Professional Appraisal Practice Record Keeping Rule.

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An investor set up his own IRA several years ago and has now decided to get professional advice from an investment adviser. When
Nezavi [6.7K]

Answer:

Municipal bond fund

Explanation:

He should be most concerned about this fund because these investments are in the investors IRA, the investment aadviser should be immediately concerned about the municipal bond fund investment.

We have seen that this is a tax deferred account, so a tax free investment is not going to be suitable.

8 0
3 years ago
The _____ is a more specific goal that unifies company-wide efforts, stretches and challenges the organization, and possesses a
Rus_ich [418]

Answer:

The correct answer is strategic objective.

Explanation:

The strategic objectives are the goals that a company proposes in a term greater than one year to achieve a certain objective according to its business vision. It also includes strategies to reach that goal. Here are some examples of strategic objectives.

The strategic objectives will be based on the vision or idea that is born with the company, determining its mission and values, in addition to conditioning the actions that will be carried out in order to achieve them.

5 0
3 years ago
What type of debt has the highest consumer debt balance?.
Zinaida [17]

The student loan debt has the highest consumer debt balance.

Below is an explanation about student loan debt.

<h3>What is Student Loan debt</h3>

Student debt is a type of debt that is owed by a current student, a formerly withdrawn student or graduated student to a lending institution, or to a financial institution

This type of loan has the highest consumer debt balance.

Lean more about types of debt at brainly.com/question/2754850

4 0
2 years ago
Castillo Company has a defined benefit pension plan. At the end of the reporting year, the following data were available: beginn
Luda [366]

Answer:

$23,000

Explanation:

Before recording the journal entry, first we have to determine the pension expense amount which is shown below:

Pension expense = service cost + interest cost - expected return on plan assets

= $18,000 + $5,000 - $10,000

= $13,000

Now the journal entry would be

Pension expense A/c Dr $13,000

Plan asset A/c Dr $10,000

        To PBO A/c $23,000

(Being the annual pension cost is recorded)

All other information which is given is not relevant. Hence, ignored it

6 0
3 years ago
cyber security systems had sales of 3,700 units at $75 per unit last year. the marketing projects of a 10 percent increase in un
jasenka [17]

Answer:

$393,162

Explanation:

Units sold last year were 3,700

the projection for this year is an increase of 10% in volume.

projected units sales for this year will be

=110% of 3,700

=1.1 x 3,700

=4,070 units

The selling price last year was $75.

projected price this year is an increase by 40%

price for this year will be 140% of $75

=140/100 x $75

=1.4 x $75

=$105

Projected sales in dollar will be sales volume x selling price

= 4070units x $105

=$427,350

Purchase return = 8% of projected sales in dollars

=8/100 x  $427,350

=34,188

Net projected sales

= $427,350 - $34,188

=$393,162

6 0
3 years ago
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