Which of the Following Is Not a Recurring Housing Cost

question 101

Multiple Choice

Which of the following is not a recurring housing cost?

• A)Mortgage payments
• B)PITI
• C)Points
• D)Maintenance and operating costs
• E)Homeowner's insurance

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Definitions:

Comparative Balance Sheet

A financial statement that displays a company's financial position at different points in time side-by-side, facilitating period-to-period comparison.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, reflected in the cash flow statement.

Comparative Balance Sheet

A comparative balance sheet presents side-by-side information about an entity’s assets, liabilities, and shareholders' equity at multiple points in time, facilitating period-over-period financial analysis.

Cash Dividends

A distribution of a portion of a company's earnings paid in cash to its shareholders, often on a quarterly basis.