Company X and Company Z have established a business arrangement whereby the two firms will cooperate for their mutual benefit. Which of the following has most likely been established?

A debtor of Adams Company owes $500,000 but does not have enough cash to repay the debt

Following lengthy negotiations, the parties agreed that the debtor will issue 200,000 shares of common stock to settle the debt. This transaction will be reported in the investing activities section of the statement of cash flows for Adams Company. Indicate whether the statement is true or false

The Uniform Settlement Statement required by the Real Estate Settlement Procedures Act by law shall be delivered or mailed to the borrower no later than

A. ten business days from the date of the loan. B. three business days prior to the closing of the transaction. C. one calendar day prior to the closing of the transaction. D. on, or before, the date of settlement.