This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Phyllis was the listing agent on Lou's home. Phyllis was able to find a young couple to buy Lou's ... (Read 173 times)

ishan

  • Hero Member
  • *****
  • Posts: 546
on: Jun 24, 2018
Phyllis was the listing agent on Lou's home. Phyllis was able to find a young couple to buy Lou's home for his asking price. Just before the closing on the home, Lou changed his mind and refused to sell the property. The young couple had a loan and their down payment was already on deposit with the escrow company. Which of the following is correct regarding Phyllis's commission?
 A) Lou does not owe the commission to Phyllis
 B) Lou owes only one-half of the commission
 C) The down payment will be used to cover the commission
 D) Lou owes the commission to Phyllis

Question 2

According to the intended user rule the accountant must have furnished the information directly to the client, knowing that the client would transmit the information to other third parties.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

TRUE


ishan

  • Member
  • Posts: 546
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Cuy being raised at home in the traditional Andean fashion Cuy being raised at home in the traditional Andean fashion
Surface magnetic field of SU Aur (a young star of T Tauri type), reconstructed by means of Zeeman-Do Surface magnetic field of SU Aur (a young star of T Tauri type), reconstructed by means of Zeeman-Do
Vocational interests seem to be established well before adulthood, and young people of all ages ... Vocational interests seem to be established well before adulthood, and young people of all ages ...
Calculation of body mass index. To determine your BMI, find the value for your height on the left ... Calculation of body mass index. To determine your BMI, find the value for your height on the left ...
How to find the area of composite figures (Part 1) How to find the area of composite figures (Part 1)
Find the length of x to the nearest tenth of a unit. Find the length of x to the nearest tenth of a unit.
Video: Dissociative Disorders (Part 2)

For a complete list of videos, visit our video library