Amanda Sykes has a net agency open listing with Tamicah Forest for the sale of Tamicah's San Diego condominium for a listing price of $270,000. Tamicah was able to talk a college friend into buying her condominium for $300,000. How much commission does Amanda receive under this net open listing?
A) $27,000
B) $30,000
C) $3,000
D) None of the above
D
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On January 1, 2011, XYZ Corporation sold a piece of equipment for $30,000 which it had used for several years. The equipment had cost $45,000, and its accumulated depreciation amounted to $20,000 at the time of the sale. What are the net effects on the accounting equation of selling the equipment?
A) Assets and equity increase $30,000 B) Assets decrease and equity increases $5,000. C) Assets and equity increase $5,000. D) Assets and equity decrease $5,000.
Several states have created a "whistle blower" exception to the doctrine of employment-at-will
a. True b. False Indicate whether the statement is true or false
Alan files his 2017 tax return on April 1, 2018, shortly before the April 17 due date. His return contains no misstatements or omissions of income. The statute of limitations for changes to the return expires
A) April 1, 2022. B) April 17, 2021. C) April 17, 2022. D) The statute of limitations never expires.
If Ray agrees to rake leaves for Michelle in exchange for Michelle's promise to pay off the debt Ray owes to Dean, then Dean is a donee beneficiary of the agreement between Ray and Michelle.
a. true b. false