An appraiser wants to determine if it is economically feasible for the owner of an apartment building to put in a swimming pool for his tenants' use. The appraiser would be most concerned with the principal of:

Myers Landscaping Corporation performs lawn mowing services for its customers. Payments for the current month's services are expected to be received next month. How does this transaction affect the accounting equation of Myers Landscaping?

A) liabilities increase and equity decreases B) assets and equity increase C) assets and equity decrease D) liabilities and equity increase

Which of the following does the covenant of seisin promise?

A) The grantor owns the interest that he or she is conveying. B) The grantor controls an easement in the property he or she is conveying. C) The grantor owns a conditional estate in the land. D) The grantor has complied with all CC&Rs.