Ryan, a database administrator, is in the process of designing his company's database. Which of the following would Ryan have had to create before he began designing?

Which of the following is true of available-for-sale (AFS) investments?

A) They are always reported as current assets in the balance sheet. B) They are always reported as long-term assets in the balance sheet. C) They are reported as current assets on the balance sheet only if the business expects to sell them within the first two years. D) They are reported as long-term assets on the balance sheet only if they are planned to be held for longer than a year.

A broker brought an offer to an owner. While the broker did not have a listing, the offer provided for a commission. The owner crossed out the provision for a commission above the signature block and signed the acceptance. Which is TRUE regarding the broker's rights?

A. By signing the acceptance, the owner made the broker his agent. B. The broker is entitled to a reasonable commission. C. The broker is entitled to a full commission if the sale is completed. D. There was no listing, so no commission need be paid.