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Flipping houses can be one of the most lucrative ways to invest in real estate for those who are able to buy properties for less than their market value and resell them for a profit. On the other.
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Real estate taxes are paid annually in Nov for the calendar year. The closing is held on Aug 15, and the real estate taxes of $6,500 are prorated to the date of closing. What entries are made on the settlement statement? a)charge seller and credit buyer $4,062.53 b)charge buyer and credit seller $2,437.50 c)Charge seller and credit buyer ,354.16
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