Which of the following does not buy loans in the secondary mortgage market?
A: Federal Home Loan Mortgage Corporation;
B: Government National Mortgage Association;
C: Federal National Mortgage Association;
D: Federal Housing Administration.
Answer: D: Federal Housing Administration.
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The following transactions for the month of March have been journalized and posted to the proper accounts
Mar. 1 The business received $9,000 cash and issued common stock to stockholders. Mar. 2 Paid the first month's rent of $900. Mar 3 Purchased equipment by paying $3,000 cash and executing a note payable for $7,000. Mar. 4 Purchased office supplies for $730 cash. Mar. 5 Billed a client for $10,000 of design services completed. Mar. 6 Received $7,900 on account for the services previously recorded. What is the balance in Cash? A) $13,170 B) $12,270 C) $15,270 D) $13,900
Limited partnerships have limited liability for all of the partners
Indicate whether the statement is true or false