It is not possible to have too much insurance coverage

One criticism not normally aimed at a balance sheet prepared using current accounting and reporting standards is

a. failure to reflect current value information. b. the extensive use of separate classifications. c. an extensive use of estimates. d. failure to include items of financial value that cannot be recorded objectively.

The home sells for $325,000 and the brokerage firm receives $19,560 in commission. What was the commission rate paid by the seller?

A) 3% B) 5% C) 6% D) 17%