A salesperson who is an independent contractor

a. cannot be charged for office space or supplies provided by the broker.
b. is not subject to any direction or control by the broker.
c. is paid commission based on sales results.
d. is paid for the number of hours worked.

Answer: c. is paid commission based on sales results.

Business

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If you Acquire Property for ______: NO like kind exchange here: you'd have to recognize the gain on the original sale

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

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Depreciation expense is recorded each period to satisfy the matching principle.

a. true b. false

Business