All categories

1 year ago

How long after being granted bic eligibility does the broker have to complete the required 8-hour bic training?

1 answer:

8 0

The lengthy after being granted BIC eligibility does the dealer have to complete the specified 8-hour basic training: 120 days

For you to qualify for BIC Eligible status, a dealer have to: keep an energetic license; have acquired at least two years of actual estate brokerage revel in equivalent to 40 hours according to a week inside the preceding 5 years; publish the Request for BIC Eligible reputation and/or BIC Designation form (REC 2.25); and.BIC Eligible way a broking's license reputation who has happy the broking-in-charge qualification necessities and filed software pursuant to G.S. 93A-four.2 and 21 NCAC 58A.

A good way to obtain the BIC Eligible on their license, a dealer must meet the subsequent necessities: preserve an active broking's license (no longer provisional status) Have two years of complete-time brokerage experience or 4 years of part-time brokerage revel in within the previous 5 years.

Learn more about BIC eligibility here: brainly.com/question/25920220

#SPJ4

You might be interested in

Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discou

Natali5045456 [20]

Answer:

C- $3,400

Explanation:

The Karla Salons has leased equipment from Smith Co. in a finance lease. The Smith Co will record the interest receivable from the Karla Salons in its income statement. The Karla Salons will record lease obligations in its balance sheet. Under the new ASU, the interest revenue which Smith Co. will record in its income statement is $3,400 for the year 2016.

5 0

3 years ago

Phishing is looking for and reporting online scams. True or False

MAXImum [283]

False. Phishing is usually considered emails that are sent that look genuine but are actually from scammers trying to obtain personal or financial information.

4 0

3 years ago

Read 2 more answers

PharmY, Inc., is a U.S. GAAP reporter that is in the pharmaceutical industry. In the current year, PharmY incurred expenditures

Whitepunk [10]

Answer with Explanation:

Tangible assets fall under the scope of International Accounting Standard IAS-36 Property, Plant and Equipment which says that assets that qualify following conditions, must be capitalized:

Assets that have life expectancy of more than a year.
Benefits of the Assets are controlled by the entity that will flow towards the company.

Now here, the life expectancy of laboratory equipment is unknown and also that we don't know if the asset can be resold in the market or not. This means, if the asset has life expectancy is no more than a year and that the future benefits will flow towards the company then it must be capitalized otherwise it must be expensed out as per the guidelines of International Accounting Standard IAS-38 Intangible Assets, which says that the research cost prior to the development expenditure must be expensed out.

The other two costs are revenue expenditure and must be expensed out under the name research and development cost as per the guidelines of IAS-38.

4 0

2 years ago

A company maintains its records using cash-basis accounting. During the year, the company received cash from customers, $32,000,

Virty [35]

Answer:

net income cash-basis 8,000

income accrual-basis 7,900

Explanation:

cash revenues 32,000

salaries expense (24,000)

net income cash-basis 8,000

sales for the period:

beginning AR + sales - collected = ending AR

3,000 + sales - 32,000 = 5,500

sales = 34,500

salaries expense:

beginning salaries payables + salaries - paid = ending salaries payable

3,100 + salaries - 24,000 = 5,700

salaries 26,600

revenues 34,500

salaries (26,600)

income accrual-basis 7,900

3 0

2 years ago

Read 2 more answers

If you consider yourself to be highly logical and you enjoy working computers, the career cluster might be best for you

vovikov84 [41]

Answer:

Information Technology Cluster

Explanation:

The Information Technology cluster uses your love of technology to learn how to design, develop and manage different types of software and hardware programs.

The information technology cluster is composed of the following four career pathways: information support and services, interactive media, network systems, and programming and software development.

3 0

2 years ago

Read 2 more answers