A Georgia Real Estate Commission is composed of:
A. Six members each of whom is appointed by the secretary of state, with the governor, and confirmed by the senate for a term of four years.
B. Five members each of whom is appointed by the governor and confirmed by the senate for a term of six years.
C. Six members each of whom is appointed by the governor and confirmed by the senate for a term of five years.
D. Five members each of whom is appointed by the secretary of state and confirmed by the governor for a term of six years.
Answer: C. Six members each of whom is appointed by the governor and confirmed by the senate for a term of five years.
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Which of the following is an assumption made by the argument above?
A) Sales of the Hawaiian Burger would have been even higher had the burger included a slice of ham as well. B) The Hawaiian Burger and the Mexican Burger have similar production costs. C) There is no significant difference in the amount of training required to make the Hawaiian Burger as opposed to the Mexican Burger. D) The Hawaiian Burger was the most popular burger sold at All American Burger during the time of the study. E) There are no other important differences between the Hawaiian Burger and the Mexican Burger.
On January 1, 2015, Morgantown Co purchased five machines at a price of $10,000 per machine. Because the estimated life was five years and no salvage value was expected, a group depreciation rate of 20% was used. On January 1, 2017, one of the machines was sold for $5,000. The correct entry to record the sale of the machine is
A) Cash 5,000Loss on Sale of Machine 1,000Accumulated Depreciation 4,000Machines 10,000 B) Cash 5,000Machines 5,000 C) Cash 5,000Loss on Sale of Machines 5,000Machines 10,000 D) Cash 5,000Accumulated Depreciation 5,000Machines 10,000