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PSYCHO15rus [73]
3 years ago
11

A sales associate moves from Jacksonville, Florida, to Atlanta, Georgia. The associate continues to be employed by the same brok

er, who has an office in Atlanta. Which statement is TRUE
Business
1 answer:
-BARSIC- [3]3 years ago
6 0

Answer: The sales associate must notify the DBPR in writing within 60 days regarding her change in residency

Explanation:

The options are:

a. The states associate broker is required to file the change of address on her behalf.

b. The sales associate broker is not required to notify DBPR because she did not change employers.

c. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency.

d. The sales associate must file an application for Georgia real estate license.

From the question, we are informed that a sales associate moves from Jacksonville, Florida, to Atlanta, Georgia. The associate continues to be employed by the same broker, who has an office in Atlanta.

Based on the scenario, the sales associate should let the DBPR be aware that he or she has moved from

Jacksonville, Florida, to Atlanta, Georgia by writing to them within 60 days regarding her change in residency.

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Robot Corporation is liquidated, with Marty receiving property having an adjusted basis of $60,000 and an FMV of $90,000. The pr
mr_godi [17]

Answer:

-$40,000

Explanation:

Data provided as the question

FMV = $90,000

Assumed Liability = $80,000

Stock basis = $50,000

The computation of recognize is shown below:-

= FMV of property - Assumed Liability - Stock basis

= $90,000 - $80,000 - $50,000

Recognize Loss = -$40,000

Therefore for computing the recognize loss we simply deduct the assumed liability and stock basis from FMV of property.

6 0
3 years ago
The Pieper Corp. recorded the accrual of a revenue by debiting Accounts Receivable and crediting Unearned Revenue. What is the e
romanna [79]

Answer:

e. Liabilities Net Income

Overstated No Error

Explanation:

Unearned Revenue is a liability account that is used to record revenue that the business has received but not yet earned because the goods and services have not yet been provided. By crediting Accrued revenue to this account, it increases it when it is not supposed to so Liabilities are overstated.

Accrued Revenue go to the Accounts Receivable section of the balance sheet to indicate that the business is owed for goods or services provided and so have nothing to do with Net Income so there is no error there.

7 0
3 years ago
Daphne owns a night club and frequently entertains large crowds. She feels very comfortable on stage and loves to make people la
Sonja [21]

he should do all but panic

3 0
3 years ago
HeLlLlllPpppPpp meEEEeEe
denis-greek [22]

Answer:

$291

Explanation:

The amount of refund that Brianna ought to receive is the difference between  the taxes paid and what needed to have been paid.

Brianna paid $837 but $546 was the right amount to pay.

Refund = $837 - $546

Refund = $291

6 0
3 years ago
Blue Co. has a patent on a communication process. The company has amortized the patent on a straight-line basis since 2014, when
raketka [301]

Answer:

Appropriate patent amortization expense = $10 million

Explanation:

As per the data given in the question,

Annual amortization expense = Cost ÷ Time

= $36 ÷ 9

= $4 million

Year 2018 Amortization Expense 4 Years = $4 million × 4

= $16 million

Unamortized cost = $36 million - $16 million

= $20 million

Year 2018 Amortization expense 4 years = $20 million ÷ 2

= $10 million

7 0
3 years ago
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