The effective date for a residential purchase agreement is the date:

a. the deposit was given to the seller by the buyer.
b. the contract was written.
c. the buyer signed the contract.
d. the seller's acceptance of the offer was properly communicated to the buyer.

Answer: d. the seller's acceptance of the offer was properly communicated to the buyer.

Business

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If the credit amount of an adjusting entry adjusts an asset account, the debit amount of the adjusting entry must adjust a _____ account.

Fill in the blank(s) with the appropriate word(s).

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Which type of sales presentation is built around a standard set of steps and tends to ignore the unique needs of each customer?

A) persuasive B) reminder C) informative D) consultative E) canned

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