The Common Stock account is a temporary account
Indicate whether the statement is true or false
FALSE
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An advantage of merit pay is that:
A. it makes the reward more valuable by relating it to economic conditions. B. it promotes group performance instead of promoting individual behavior. C. it provides merit increases to employees only on the basis of performance. D. it would never become costly for the employers. E. it results in a bigger short-term reward for the best performers.
Salesperson Schmidt works for Broker Hassan. On May 1, Schmidt takes a listing on Home X for 90 days. Twenty days later Salesperson Schmidt transfers her license and becomes a salesperson for Broker Meeks. As of May 21, the listing on Home X belongs to:
a. Broker Hassan b. Salesperson Schmidt c. Broker Meeks d. no one, as this cancels the agency with the seller