An inactive broker may sell new homes as an employee of a subdivision developer.

"The value of the best property in the neighborhood will be adversely affected by the presence of comparatively substandard property" is a statement relating to value and is known as the principle of:

A: Balance; B: Contribution; C: Regression; D: Progression.

A personal income statement shows

A) a detailed breakdown of cash income and expenses over a past period of time. B) a comparison of income and expenses at a point in time. C) your contribution to savings for the year by following strict accounting rules for determining net income. D) all revenue, expense, asset, liability, and net worth items.