Mr. pine purchased a small office building. included in his costs were the following: cash down payment$ 50,000mortgage on property assumed300,000title insurance2,000fire insurance premiums2,000attorney fees1,000rent to former owner to allow mr. pine tooccupy the office building prior to closing4,000what is mr. pine's basis in the property?

This statement is true.

Having a long credit that will be corrected is better that a short credit that is clear is simply because with long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. have short history of your credit doesn't show patterns or trends of persistent late payments.

D) when the consumer buys more than more is needed.