Proprietary funds
a. Must apply all FASB standards that do not conflict with a GASB standard.
b. Have the option to apply or not apply each individual FASB standard issued since November 30, 1989 that does not conflict with GASB standards
c. Are required to apply all FASB standards that were issued since November 30, 1989 that do not conflict with GASB standards
d. Are permitted either to apply all of or to apply none of the FASB standards issued since November 30, 1989 that do not conflict with GASB standards.
D
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a. true b. false
A property owner signed a 90-day listing agreement with a broker. The owner was killed in an accident before the listing expired. Now the listing is
A) binding on the owner's spouse for the remainder of the 90 days. B) still in effect as the owner's intention was clearly defined. C) binding only if the broker can produce offers to purchase the property. D) terminated automatically because of the death of the principal.