Which of the following statements is true regarding equity reserves?
a. Under U.S. GAAP, Other Comprehensive Income represents an equity reserve.
b. Under U.S. GAAP, the allowance for doubtful accounts is considered an equity reserve.
c. Under U.S. GAAP, appropriations of retained earnings are considered an equity reserve.
d. Under U.S. GAAP, equity reserves are not currently allowed.
D
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All of the following would be legitimate reasons for refusing a residential listing EXCEPT?
A. The seller wants an unreasonable price for the property. B. The property is not in the firm's geographical service area. C. The firm deals only in commercial properties. D. The property is located in a minority area and would be difficult to market.
Which of the following is a brand and product line strategy?
A) product differentiation B) brand differentiation C) bundling and unbundling D) brand identity E) low cost of purchase