Advertising to the public by real estate licenses must be truthful and accurate. Which of the following would be considered prima facie see evidence by the real estate commission or as being misleading or deceptive advertising:
a. The mistake and misspelling other brokers name in the newspaper.
b. Implying a specific yield on a note which is different from the interest rate specified in the note.
c. Advertising without disclosing the purchase price.
d. A misleading map appearing like the property is much closer to a desirable area.
Answer: d. A misleading map appearing like the property is much closer to a desirable area.
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The Federal Bureau of Building Construction (BBC) receives an annual appropriation to perform construction activities. BBC does not use commitment accounting; instead, it obligates funds upon the award of contracts Prepare budgetary and proprietary journal entries to record the following transactions. a. BBC received an appropriation of $2,000,000 b. The Office of Management and Budget apportioned $500,000 of the appropriation to the Department of Domestic Construction, which oversees the BBC c. The Department allotted the entire $500,000 apportionment to the BBC. d. BBC awarded a building construction contract for $300,000 e. The contractor completed construction of the building. Because of a change order, however, the total cost of the work was $324,000 . BBC accepted the work and recorded the asset and the invoice for $324,000 f. BBC sent a disbursement schedule to the Treasury requesting payment of the $324,000 g. Treasury notified BBC that payment was made to the contractor for $324,000 h. At year-end, BBC recorded six months' depreciation ($16,200) on the building