On a bank reconciliation, outstanding checks are added to the balance per books to obtain the adjusted balance per books.

a. true
b. false

Ans: b. false

Business

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Unearned rent, representing rent for the next six month's occupancy, would be reported on the landlord's balance sheet as a(n)

A. liability B. asset C. revenue D. expense

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Which is an example of mortgage fraud?

A. False employment information B. Fraudulent appraisals C. False mortgagor identity D. all of these

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