Difference between a source and use of funds.

What is the main reason lenders pay borrowers' property taxes through a pre-paid escrow account? It prevents a tax lien from being applied to the home. The tax lien would be senior to the mortgage lien. It prevents the borrower from refinancing with another lender because they would lose all of their escrow funds. It allows the lender to earn interest on the pre- paid tax money as itsits in the account. It allows the lender to take advantage of corporate tax deductions.

A prospectus is provided to disclose information when the corporation is selling new issues of securities to potential investors. True or False True False

Investors tend to only invest in stocks of companies that pay high dividends. True False

A business has a limited number of items upon which one can perform a financial analysis. true or false?

A company had the following accounts and balances as of December 31:  Account Debit Credit Cash $ 20,000  Accounts Receivable 2,000  Supplies 1,500  Prepaid Insurance 1,400  Accounts Payable $ 4,000 Total equity 14,900 Lodging Revenue 7,000 Salaries Expense 500  Utilities Expense 500  Totals $ 25,900 $ 25,900 Using the information in the table, calculate the total assets reported on the balance sheet for the period. Multiple Choice $23,400. $25,400. $25,900. $22,500. $24,900.

Bill Matthews is investing $13,200 in the Washington Mutual fund. The fund charges a 5.75 percent commission when shares are purchased. Calculate the amount of commission Bill must pay.

If a bank is compiling lists of current stockholders and bondholders for the purpose of remitting dividend and interest payments, in which of the following roles is it acting?   Paying agent Transfer agent Corporate trustee Registrar

Describe the basic features of each of the following types of bonds: Mortgage bonds Debentures Subordinated debentures Equipment trust certificates Collateral trust bonds Income bonds Explain the differences between par value, book value, and market value per share of common stock. Discuss the various stockholder rights.

Expenses on a statement of income are listed in no particular order under ASPE. from smallest to largest under IFRS. in alphabetical order under IFRS. by their nature or function under ASPE.