Each closed real estate transaction requires a report to be filed with the IRS on form 1099. Required information includes the seller's name, social security number and:
a. buyers name and social security number
b. the selling price of the property
c. the name of the mortgage lender
d. the legal description of the property
Answer: b. the selling price of the property
Business
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Which of the following is a source document?
A) General ledger B) Compound journal entry C) Posting reference D) Chart of accounts E) Invoice received from seller
Business
A consumer who purchases additional products because of a price-off tends to either consume more or delay a future purchase of the product
Indicate whether the statement is true or false
Business