Which of the following is the best evidence of real estate ownership at the balance sheet date?

Question

Quizplus · Accepted Answer

Paid real estate tax bills serve as evidence that the entity is the owner of the property and has paid taxes on it. Title insurance policy, a duplicate of the original deed, and closing statements are all documents that prove ownership, but they may not necessarily reflect the current status of ownership at the balance sheet date.

Which of the Following Is the Best Evidence of Real