When an apartment building is sold, how should the renters' security deposits be handled on the HUD 1 statement?
(a) They will be a debit to the seller and a notation in the buyer's credit section.
(b) They will appear as a debit to the seller and a credit to the buyer.
(c) They will not be noted in the settlement statement.
(d) They will be a debit to both since they belong to the renters.
Answer: (a) They will be a debit to the seller and a notation in the buyer's credit section.
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