team roles are of two types:

When a company sells land for cash and recognizes a $25,000 gain:

A. Its acid-test ratio decreases. B. Its current ratio decreases. C. Its debt to equity ratio decreases. D. Cannot determine from the given information.

A broker associate who has several rental properties is asked by his relative to manage the relative's three rental properties. What may the broker associate do?

a. He must obtain his employing broker's permission b. He may manage the properties without involving the employing broker because it is for a relative c. He must sign a management agreement and set up a trust account d. He should open a separate account for funds to avoid commingling