Final answer:
The statement is generally true, as the initial deposit is typically outlined on the first page of an agreement of purchase and sale, with subsequent deposits detailed in attached schedules like Schedule A.
Step-by-step explanation:
The statement that the initial deposit received from the buyer is identified on the first page of an agreement of purchase and sale, and any subsequent deposit provisions are identified on a Schedule A is generally true. In real estate transactions, the terms of the purchase, including the deposit amounts, are typically outlined in the purchase agreement.
The initial deposit is usually noted upfront to signify the buyer's serious intent to purchase, while additional deposit arrangements, if any, are detailed in attached schedules or addendums to the main contract.