The entry to record the retirement of treasury stock will include a debit to Common Stock for the par value of the retired shares
Indicate whether the statement is true or false
True
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The original owner of a condominium unit holds which of the following interests?
a. a fee simple absolute in the unit b. joint tenancy in the common areas c. joint tenancy with the other owners of the common walls d. all of the above
A broker has been 90 day listing with Mr. and Mrs. Jones and shows the property to Mr. and Mrs. Smith prior to expiration of the listing to the Smiths show an interest in the property but go back north without making the offer.next season the Smiths are back and have been to meet Mr. and Mrs. Jones while shopping.after several meetings, the Smiths make an offer and purchase the property.the broker:
A. Is procuring cause of the sale and is entitled to a commission B. Is entitled to damages C. Is entitled to nothing D. May request FREC to interplead