A professional identity or brand name used by a salesperson and at least one or more other licensees, to provide real estate licensed services is known as a team name.
- For the purpose of providing real estate licensed services, a salesperson and one or more other real estate licensees may work together under the name "team." Notwithstanding any other legislation, the use of a team name does not require that a separate license be granted for such name pursuant to Section 10159. 5. For the purposes of this part, any other law, or for the purposes of including a fictitious business name declaration with an application as required by subdivision, a team name does not qualify as a fictitious business name.
- Team name is a term used in Section 858-305 of the Code to refer to a name used by a team. All team names must be registered with the Commission and authorized by the broker.
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Answer:
the capacity to provide future services or benefits.
Explanation:
Answer:
The misstatement would result in the overstatement of assets by $9,000 and also an overstatement of stockholders equity by the same amount.
Explanation:
When the balance of year end inventory is overstated, the cost of goods sold will be understated and this will result in an overstatement of the net income (and by extension, owners equity).
Given that a company inadvertently counted its inventory as $98,000 instead of the correct amount of $89,000
Amount overstated = $98,000 - $89,000
= $9,000
Prices prevent this. Lots of people can't afford to get as much as they wish, rather as much as they can buy. That's why a market system and stores don't sell out so easily, because people don't buy as much as they really wish for, but how much they need.
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