The full period over which bond issue costs should be charged to expense is from the date of bond issuance to the bond maturity date. The amount of bond issuance costs charged to expense appears in the income statement in the period in which the charge is recognized.
An alternative treatment when bond issuance costs are immaterial is to charge them to expense as incurred. For example, ABC International incurs $50,000 to issue bonds. The bonds will be retired in 10 years.
A licensee mentions to a fellow licensees from other brokerages at lunch one day, "Despite the declining economy, I'm thinking about keeping my rates at 6%." This conversation provides the foundation for an action involving: Price fixing. Collusion. Group boycotting. Tying arrangement. Price fixing.
He instructs the broker to deposit the money in an interest-bearing account because the transaction may not close in escrow for a year. Under these circumstances, the: 1) funds must be deposited in a federally insured interest-bearing account, provided both parties to the transaction give their written consent.
The full period over which bond issue costs should be charged to expense is from the date of bond issuance to the bond maturity date. If a bond issuance is paid off early, then any remaining bond issuance costs that are still capitalized at that time should be charged to expense when the remaining bonds are retired.
Bond issue costs are the fees associated with the issuance of bonds by an issuer to investors. The accounting for these costs involves initially capitalizing them and then charging them to expense over the life of the bonds. Bond issue costs may include: Accounting fees. Commissions.
The bonds will be retired in 10 years. Accordingly, ABC initially capitalizes the bond issue costs, with a debit to the bond issuance costs account and a credit to the cash account.
If there is a legal problem in a real estate transaction, the principal broker should. recommend an attorney to the client. suggest that the client hires an attorney. ask the title company to provide legal advice to the client. hire an attorney for the client. suggest that the client hires an attorney.
can engage in real estate activity as an individual. must have had three or more years of real estate experience to become a principal broker.
A principal real estate broker hired a number of part-time employees to show property, pass out brochures, quote prices, and state terms of the sale of real property in a development. A real estate broker was on site to fill out all of the earnest money agreements. The employees did not sign documents.
Both Bruce and Justin signed the real estate sale agreement and Justin's broker deposited $18,000 as earnest money with West Coast Escrow. Justin was unable to provide marketable title, so Bruce demanded the return of his earnest money from West Coast Escrow.
either the seller or the buyer is represented by one or more licensees associated with a principal real estate broker. both the buyer and the seller are represented by one or more licensees associated with a principal real estate broker. the principal broker has no responsibilities to any party to the transaction.
When a real estate sale agreement is signed by a buyer and given to the seller's broker with an earnest money deposit, the buyer's broker must deliver the earnest money deposit check to their principal broker before delivering the sale agreement to the seller's broker.
the seller and buyer are represented by the same principal broker. the seller is represented by one licensee and the buyer is represented by another licensee who is not licensed to the same real estate business. only the seller is represented by a licensee. only the buyer is represented by a licensee.
An upfront charge to make up for the difference between the rate the borrower is receiving and the rate the lender normally requires. Without this easement—usually involving access to a road—the owner requiring the right of passage would be landlocked. Easement by necessity.
Per their agreement, Bruno will pay Becka a monthly amount in exchange for using the property.