Accounts Receivable is a(n) ________ account and has a normal ________ balance.

According to GASB Codification Section 2200.109, the MD&A section of the CAFR: ______.

Fill in the blank(s) with the appropriate word(s).

Legally, how much earnest money must be submitted with a valid purchase and sale agreement?

A. 1% of the purchase price B. 3% of the purchase price C. 5% of the purchase price, but the amount over 3% cannot be retained as liquidated damages D. No earnest money is required