What’s the question because you are not asking a question
Answer:
Group of choices:
A. Information About Brokerage Services (IABS) statement
B. vacancy clause
C. Seller's Disclosure of Property Condition
D. Residential Real Property Affidavit
The correct answer is A. Information About Brokerage Services (IABS) statement
.
Explanation:
The brokerage service starts from a commercial contract in which a person is in charge of putting a seller and buyer in contact, in order to make the sale of a real estate. Without this intervention, the purchase would not occur, and therefore it is considered a service that has a variable remuneration according to the value of the property, rates set in the contract, etc.
Answer: Option B
Explanation:
A. Explicit cost are the cost paid to others in return of their service. Hence Option A is incorrect.
B. Revenue is the total amount of earnings a company have before deducting for expenses. Hence Option B is correct.
C. Accounting profit means (Revenue - explicit cost) . Hence Option C is incorrect.
D. Economic profit means (Revenue - explicit cost - implicit cost) . Hence Option D is incorrect.
Answer:
The additional sale will not conflict with regular sales.
Explanation:
Accept business at a special price if the additional sales conflict regular sales. That is, special price must maintain the status quo or improve it.
Answer:
A. $153,000
Explanation:
The Journal Entry is shown below:-
Property Dr, $1,173,000
To Treasure stock $1,020,000
To additional paid-in-capital $153,000
The computation is given below:-
For Property
= 25,500 × $46
= $1,173,000
For Treasure stock
= 25,500 × $40
= $1,020,000
For Additional paid-in-capital
= $1,173,000 - $1,020,000
= $153,000
