When a borrower has defaulted on a loan, and the lender chooses judicial foreclosure, the mortgagor is given a specified period of time to redeem the property. During this redemption period, the right of possession of the property is held by the:
A: Mortgagee;
B: Commissioner designated by the court;
C: Court-appointed trustee;
D: Mortgagor.
Answer: D: Mortgagor.
Business
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Equity mutual funds may contain common stock, but not preferred stock.
a. true b. false
Business
The Brankov Tool and Die Company reports the following for the fiscal year ended December 31, 2018:
Net income $1,430,000 Foreign-Currency Transaction Loss, net of tax ($44,000 ) Foreign-Currency Translation Loss, net of tax ($28,000 ) Unrealized Loss on Investment in Trading Securities, net of tax ($12,000 ) Unrealized Loss on Investment in Available-for-Sale Securities, net of tax ($51,500 ) What is comprehensive income for the year ended December 31, 2018? A) $1,346,000 B) $1,306,500 C) $1,350,500 D) $1,358,000
Business