Which of the following accounts would be used under the accrual basis of accounting, but not under cash basis accounting?

A builder purchase 50 lost that are being used as collateral an alarm that contains a partial release clause. Which type of long did the builder obtain?

A) Blanket loan B) Package loan C) Purchase money mortgage D) Reverse loan

Property that has appreciated in value generally receives a stepped-up cost basis at death

Indicate whether the statement is true or false.