A Written Document Transferring Ownership of the Home to the Buyer

question 15

Multiple Choice

A written document transferring ownership of the home to the buyer is known as the

• A)title.
• B)listing agreement.
• C)offer to purchase.
• D)deed.

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Definitions:

Operating Cycle

The duration of time it takes for a business to turn its inventory into cash through sales.

Merchandiser

A person or company involved in the purchase and sale of goods. In accounting, it refers to a business that sells finished goods to consumers.

Cash Sales

Transactions in which the buyer pays for a good or service with cash at the time of purchase.

Purchases of Merchandise

Transactions involving the buying of goods for resale, typically used in retail or wholesale businesses.