Buerhle Company needs to determine if its indefinite-life intangibles other than goodwill have been impaired and should be reduced or written off on its balance sheet. The impairment test(s) to be used is (are) Recoverability Test Fair Value Test

In a silent second fraud case, the primary lender is unaware that the buyer is borrowing the down payment from the seller.

a. true b. false

An agent contacted an owner to see if they might want to sell the property. The agent said, "I think I can get you $250,000," which surprised the owner. The owner said, "Ok, and anything over that can be your commission." This is:

a) A really good deal for the agent and the agent should jump on it! b) Only legal if the agent ran comps and can justify the $250,000 number. c) A perfectly good way for agents to market themselves and get listings. d) Is a net listing and could be grounds for disciplinary action against the agent.