Which of the following is a disadvantage of a second mortgage compared to credit card debt?
A) The loans are secured by the borrower's home.
B) The borrower gives up the tax deduction on the primary mortgage.
C) The borrower must pay points to get a second mortgage loan.
D) The borrower will find it more difficult to qualify for a second mortgage loan.
A
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If the gross method is used to record purchases, purchase discounts taken should be ______ in the cost column.
Fill in the blank(s) with the appropriate word(s).
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The transfer of title from the government to an individual is called:
a) public grant b) dedication c) foreclosure d) accession
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