Gross lease vs net lease - Study guides, Class notes & Summaries

Delivery and Acceptance - answer -Legal policy mandates that a deed to real property be a matter of public record; therefore, subsequent to delivery and acceptance, a deed must be property recorded. Chain of Title - answer -The sequence of historical transfers of title to a property. It runs from the present owner back to the original owner of the property. Title - answer -Legal term for a bundle of rights in a piece of property in which a party may own either a legal interest or equitable...

What if not followed IAS or IFRS? Not True and Fair = UNETHICAL Why PRINCIPLES not RULES? Principles harder to circumvent Why have a FRAMEWORK? Provides guidances for standards setters Gives guidance where no standards exist Helps all parties with intrerpretation 2 x Useful qualities of financial information RELEVANCE = Influences Decisions FAITHFUL REPRESENTATION = Complete, Neutral, No Errors What does RELEVANCE offer? PREDICTIVE VALUE CONFIRMATORY VALUE 4 X Qualities of FAITHFU...

Fundamental Characteristics of Accounting Information - Correct Answer-1. Relevance 2. Reliability (faithful representation) Comprehensive Income - Correct Answer-NI + OCI Unrealized G/L AFS Securities - Correct Answer-OCI: Not on income statement Unusual, frequent items - Correct Answer-No separate disclosures Aspects of Relevance - Correct Answer-Predictive Value, Confirmatory Value, Materiality Aspects of Reliability - Correct Answer-Comparability (consistency), verifiability, timelin...

Fundamental Payroll Cert Chap 4 Exam 62 Questions with Verified Answers 2019 The crucial distinction in the common law test between an employee and an independent contractor? - CORRECT ANSWER ERs amount of control over EE What IRS form is utilized in order to determine whether a worker is an employee or an independent contractor? - CORRECT ANSWER SS-8 ERs responsibility in regards to payroll include all the following except? a Paying (wages) b Withholding (taxes) c Reporting (file co...

An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - ANSWER-d. all of the above. These are elements of value. Which of the following abbreviations is associated with the FHA? a. NAR b. CPM c. MIP/MMI d. MBA - ANSWER-c. MIP/MMI MIP - Mortga...

2022 California Real Estate Exam Multiple Choice Questions & Answers (Test Bank) Document Content and Description Below 2022 California Real Estate Exam Multiple Choice Questions & Answers (Test Bank) An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - d. ...

Which document should the counselor review with the client to identify spending habits and track expenses: - Answer- Bank statement Which additional information would the housing counselor need to prepare a household budget for this client? - Answer- Net income Which item in the client's budget is a fixed expense? - Answer- Car lease payment What is the maximum percent of area medium income allowable for a household to qualify for a Housing Choice Voucher? - Answer- 50% Which is the...

What "Part" represents the domestic, flag, supplemental operations and is has the highest level of safety regulations? - ANSWER-Part 121 Scheduled Air Carrier What "Part" represents corporate shuttle aircraft > 20 seats and >6,000 GTWWhat "Part" represents corporate shuttle aircraft > 20 seats and >6,000 GTW? - ANSWER-Part 125 What "Part" represents leased aircraft by private companies such as a resort company leasing an Air Carrier Aircraft? - ANSWER-Part 380 What a...

©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM Real Estate 306 Exam 1 Questions With Correct Answers. Property - answerrefers to anything that can be owned or possessed Land - answermay include more than the earth, may also include improvements to the land Raw land - answerlarge land area with no improvements personal property - answerthings that are movable & not permanently affixed to the land Ownership rights - answerReal estate provides people with this "bundle of rights" - Rig...

APPRAISAL EXAM 1 Basic Principles Q&A Correctly Solved 100% When are appraisers needed? *** to set asking/offering prices, settle estates, refinance, divorce, taxes, rental rates, valuation, condemnation & foreclosure Appraiser *** One who is expected to perform valuation services competently & in a manner that is independent, impartial & objective. Attributes of an Appraiser *** competent, independent, impartial, objective, prompt, organized, educated, honest & diligent Appraiser...