Which of the Following Is True of Abstract of Title

question 6

Multiple Choice

Which of the following is true of abstract of title? ​

• A)It shows if there are any unpaid taxes or judgements.
• B)It provides evidence of any past forgeries of signature.
• C)It specifies if there any personal property additions with the property.
• D)It is prepared by the grantor.

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Definitions:

Merchandise Inventory

The goods a company holds in stock with the intention of selling them as part of its business operations.

Freight-In

Freight-in refers to the shipping cost associated with getting goods delivered from suppliers to the buyer, often included in the inventory cost of purchased goods.

Sales Returns

Goods returned by buyers after sale due to defects, dissatisfaction, or other reasons, which are deducted from total sales revenue.

Unearned Revenue

Money received by an entity for a service or product yet to be provided or delivered.