If you were forming a partnership with a fellow real estate broker to develop a tract of land, to which source of law would you turn for the law on forming a partnership?
A) Local ordinances
B) Code of Federal Regulations
C) State laws
D) State constitution
C
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Transferring an investment from the trading category into any other category does not require that any entry be made to the company's accounts because any unrealized holding gains or losses on that investment have already been recognized
Indicate whether the statement is true or false
Which of the following is not an element of listening?
a. listen actively and avoid distractions b. listen more and speak less c. avoid quick judgements d. act quickly when you hear something that you don’t like
Which of the following formulas represent cost of goods sold for a merchandising business?
A) Beginning Merchandise Inventory - Ending Merchandise Inventory = Cost of Goods Sold B) Purchases and Freight In + Ending Merchandise Inventory = Cost of Goods Sold C) Ending Merchandise Inventory + Purchases and Freight In - Beginning Merchandise Inventory = Cost of Goods Sold D) Beginning Merchandise Inventory + Purchases and Freight In - Ending Merchandise Inventory = Cost of Goods Sold
An agent who has negligently or intentionally failed to perform his express duties is liable under tort law
Indicate whether the statement is true or false