Answer:
is liable to the original broker for the full commission
Explanation:
According to the conditional termination clause of the Florida Realtors listing agreement the couple is liable to the original broker for the full commission value. This is because the even though the couple cancelled the listing and paid the cancellation fee, they still sold the house in the same month. This causes them to have to pay the full commission to the original broker.
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Accounting information is <u>Comparable</u> if similar items are treated the same way among various companies highlighting similarities and differences between events and conditions.
<h3>What is
accounting information?</h3>
A firm employs an accounting information system (AIS) as a framework to gather, organize, process, retrieve, and report its financial data so that accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators, and tax agencies may make use of it.
To ensure the highest level of accuracy in a company's financial transactions and record-keeping, as well as to make financial data easily accessible to those who require access to it, specially trained accountants work closely with AIS to keep data secure and intact.
Learn more about accounting information
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Answer:
Issuance of common stock to acquire land is a non-cash investing and financial activity.
Explanation:
Payment of note payable, payment of cash dividend and purchase of inventory on account all involve cash transactions.
Here, the issuance of common stock is a financial activity. Acquiring land can be categorized as an investing activity. To acquire land common stock is issued, cash is not involved.
So, the issuance of common stock to acquire land is non-cash investing and financial activity.