1. Appraisal form 1004 can be used when reporting an appraisal on the following property types A) Manufactured home B) 2-4 unit when rental income is not considered C) Detached condominium, when all units in the project are detached units What must be provided in order to use business assets as funds to close?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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1. Appraisal form 1004 can be used when
reporting an appraisal on the following
property types
A) Manufactured home
B) 2-4 unit when rental income is not
considered
C) Detached condominium, when all
units in the project are detached units
What must be provided in order to use business
assets as funds to close?
A) Business tax returns and Cash-flow
analysis
B) No additional documentation is
required unless specifically identified by
the AUS
C) A letter from the CPA
Transcribed Image Text:1. Appraisal form 1004 can be used when reporting an appraisal on the following property types A) Manufactured home B) 2-4 unit when rental income is not considered C) Detached condominium, when all units in the project are detached units What must be provided in order to use business assets as funds to close? A) Business tax returns and Cash-flow analysis B) No additional documentation is required unless specifically identified by the AUS C) A letter from the CPA
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