Natural resources, such as coal mines and oil wells, are always classified on the balance sheet as:
a. property, plant, and equipment.
b. investments.
c. intangible assets.
d. none of these are correct.
d
Business
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The selling agent presents their buyer's offer to the seller. When is the best time for the agent to give the seller the Agency Law Disclosure form?
a. On the opening of escrow. b. After presenting the offer to the seller. c. Before the seller signs the offer. d. As soon as practicable.
Business
Which of the following is true of condominium ownership?
A) It cannot be mortgaged. B) The corporation pays the real estate taxes. C) The ownership cannot be willed. D) The limited common elements cannot be sold separately.
Business