Can someone help me with accounting homework PLEASE! This is the following Indicate the effect of each transaction on the accounting equation by choosing the appropriate letter from the following list: 1. Increase in an asset, decrease in another asset. 2. Increase in an asset, increase in a liability.
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One of the most popular ways to leverage real estate equity is the home improvement loan. Homeowners use these loans to repair, improve and upgrade features and fixtures around the home. The aim of these efforts is to improve the home’s curb appeal, functionality and resale value.
The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Account Title Cash Investment in equity securities Accounts receivable Inventory Prepaid insurance (for the next 9 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Patent (net) accounts payable notes payable Interest payable Bonds Payable Common stock.
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In the crash, rentals will tend to hold up. Housing prices will fall. Use your equity and cash flow from owned rentals to buy the far cheaper foreclosures (often by just taking over the payments at a discount), then rent them out for even more profits. This is what the smart money did during and after the 2008 crisis.