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belka [17]
3 years ago
8

Christopher is a licensed sales agent sponsored by Coastal Realty in Corpus Christi, Texas. Jose has been a real estate broker i

n Playa del Carmen, Mexico, for five years. In that time, Mexico has not required any kind of license or registration to engage in brokerage activity. Christopher has clients interested in purchasing property on the Gulf Coast of Mexico. Christopher has referred his clients to Jose. Can Christopher accept compensation from Jose for referring his clients to Jose
Business
1 answer:
dedylja [7]3 years ago
3 0

Answer:

Yes.

Explanation:

Christopher can accept referring fee from Jose for clients referred to him but he should disclosed this fee as referring fee since he is a licensed agent. Jose may or may not disclose referral fee paid by him since he is not registered sales agent and Mexico does not require any kind of license for brokerage activity.

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In double entry bookkeeping, where should you record assets?
vekshin1
Hi there :-)

The answer is
A. In the left debits column

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5 0
3 years ago
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____________refers to information being available to users early enough to allow them to use it in the decision process.
S_A_V [24]

Answer:

The correct word for the blank space is: Timeliness.

Explanation:

Timeliness is a characteristic the Financial Statements must meet by which executives in decision-making positions could be able to read and comprehend what the information reflects on the company's well being so they can take proper action to correct the course of the company or find the way to keep it and improve it.

7 0
3 years ago
Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di
dezoksy [38]

Answer:

The following entry is made on the declaration date:    

Retained Earnings ( 20,000 x $10)  $200,000  Debit  

Common Stock Dividend Distributable  $40,000  Credit  

Paid in Capital in Excess of Par  $160,000  Credit  

At the moment of been distributed the additional shares to the stockholders the company register the following entry:    

Common Stock Dividend Distributable  $40.000  Debit  

Common Stock   $40.000  Credit  

Explanation:

When the company declares a stock dividend it does not involve cash, it means that each stockholder will get an additional percentage of shares.    

As the total value of stock it's the same, then the value per share decrease related to the price before the stock dividend because there are more shares outstanding.  

On December 31, 2018, the company's board of directors declares a 20 percent stock dividend.    

As the total shares outstanding are 100,000 , the stock dividend will be 20,000 more shares.  

The following entry is made on the declaration date:    

Retained Earnings ( 20,000 x $10)  $200.000  Debit  

Common Stock Dividend Distributable  $40.000  Credit  

Paid in Capital in Excess of Par  $160.000  Credit  

 

At the moment of been distributed the additional shares to the stockholders the company register the following entry:    

Common Stock Dividend Distributable  $40.000  Debit  

Common Stock   $40.000  Credit  

5 0
3 years ago
Read 2 more answers
A homeowner from State A hired a contractor from State B to build a vacation home for her in State C. The parties signed the con
Katen [24]

Answer:

The Home owner commenced the action in a state A court ( C )

Explanation:

The Defendant ( the contractor)  can decide to transfer the case from a state court to a federal court within the same state in which the case was filled by the The home owner  if the federal court has the Jurisdiction to rule on the case

Since the contract was signed in state A under the laws of the state the case is definitely a state case and the Homeowner's move to remand the case to a state court with the argument that the Federal court lacks proper Jurisdiction is in order. The court decision on the matter will be based on the fact that the Homeowner commenced the action in a state A court where the contract was signed.

6 0
3 years ago
Production and sales estimates for March for the Robin Co. are as follows:Estimated inventory (units), March 1 18,000Desired inv
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Answer:

No of units manufactured = No. of units sold + Closing units - Opening units

= 24000 + 21600 - 18000= 27600

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Total selling expenses = $ 6000 +$ 14000 $ 90000 + $ 96000 + $ 35000 = $ 241000

Explanation:

3 0
3 years ago
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