The Foreign Corrupt Practices Act applies to all companies doing business abroad

A $20 million, 20 year term bond issued in 1982 is coming due in 2002, i.e., the entire principal is payable at the maturity date in 2002. At the end of the calendar and fiscal year 2001, how will this bond be disclosed?

A. As a $20 million long-term liability. B. As a $20 million current liability. C. As a $1 million current liability and zero in long-term liabilities. D. As a $1 million long-term liability.

A broker, three (3) salesperson and an administrative assistant are going to form a real estate corporation. Which of the following would need to be licensed?

A. Broker only. B. Broker and one salesperson. C. Broker and three salespersons. D. Broker, three salespersons and administrative assistant.