A broker must give a member of the public a written disclosure prior to engaging in any brokerage activity, such as showing homes.

Clark Company purchased 40% of Irene Company's stock for $125,000 on January 1. On May 20 of the same year, Irene Company declared total cash dividends of $30,000. At year-end, Irene Company reported net income of $150,000. The balance in Clark Company's Long-Term Investment in Irene Company as of December 31 should be:

A) $ 77,000. B) $245,000. C) $173,000. D) $185,000. E) $197,000.

To collect for a covered loss under a property insurance contract, when must an insurable interest exist?

I. At the inception of the contract II. At the time of the loss (a) I only (b) II only (c) both I and II (d) neither I nor II