Under current accounting practice, intangible assets are classified as
a. amortizable or unamortizable.
b. limited-life or indefinite-life.
c. specifically identifiable or goodwill-type.
d. legally restricted or goodwill-type.
Answer: b. limited-life or indefinite-life.
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A prospective buyer would be entitled to damages from a real estate broker in the event the broker:
A: Makes a misrepresentation based on information received from the employing seller; B: Acts in excess of the authority given the broker by the seller; C: Executes a contract in the name of the seller after being properly authorized by a power of attorney; D: Turns the buyer's deposit over to the seller, and thereafter the contract fails without the agent's fault.
Which of the following is another term for an unstructured interview?
A) directive B) nondirective C) unformatted D) administrative