Which of the following costs incurred internally to create an intangible asset is generally expensed?
a. Research and development costs.
b. Filing costs.
c. Legal costs.
d. All of the above.
Answer: a. Research and development costs.
Business
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Rule F applies to all contracts
a. for new homes with warranties b. written by an attorney for one of the parties to the transaction c. used by real estate brokers d. used by subdivision developers
Business
If there is no expiration date in a brokerage engagement and no authorized termination has occurred, how long will the engagement continue after the initiation of the engagement?
A. Three months. B. Six months. C. One years. D. Two years.
Business