The salesperson received $2,800 commission on her 35 percent share of the total commission on the sale of a property that sold for $160,000. What was the commission rate?

Corporations register in their state of domicile (a few exceptions register at the federal level)

a. true b. false

Which if the following is true about source documents?

a. They provide objective evidence of business transactions; b. They provide verifiable evidence of the accuracy of the accounting records; c. They should be filed for possible future reference; d. They serve as input for transaction analysis; e. All of the statements are true