A non-resident broker must open an escrow account in Colorado if the broker accepts earnest money.

The XYZ Partnership is comprised of three partners. Sam and Earl each own 30% of the capital and profits, and Tim owns 40% of capital and profits. Sam and Earl each use a tax year ending on June 30. Tim's tax year ends September 30. What is the partnership's required tax year end?

A. June 30. B. None of the answers are correct. C. September 30. D. December 31.

With direct ambush marketing, a brand suggests or hints it is associated with a major sporting event when it is not an official sponsor

Indicate whether the statement is true or false