Andrea is a real estate agent, however, she does not have a license as required by statute. andrea sells a piece of property to george, but george refuses to pay her the agreed sales commission. andrea sues george. what is the result? a) if the licensing statute is primarily a regulatory statute, (designed to protect the publicity), andrea cannot collect her commission. b) if the licensing statute is primarily a revenue statute, andrea cannot collect her commissions. c) no matter what kind of statute, andrea cannot collect her commission. d) no matter what kind of statute, andrea can collect her commission. e) none of the above
Solved
Show answers
More tips
- H Health and Medicine 10 Simple and Effective Tips on How to Lose Weight in a Week...
- C Computers and Internet Where did torrents.ru move to?...
- B Business and Finance Understanding Cash Flow: What It Is and How It Works...
- C Computers and Internet What Are Peers and Seeds in Torrenting?...
- H Health and Medicine 10 Simple Techniques on How to Boost Your Mood...
- G Goods and services How to Choose the Right High Chair for Your Baby?...
- S Style and Beauty Learn how to tie a keffiyeh on your head like a pro...
- S Style and Beauty How to braid friendship bracelets?...
Answers on questions: Business
- B Business The trial balance of Blues Traveler Corporation does not balance. Debit Credit Cash $5,912 Accounts Receivable 5,240 Supplies 2,967 Equipment 6,100 Accounts Payable $7,044...
- B Business Strong brands a. are a liability. b. guarantee success for a company. c. are the most significant barrier to entry in the market. d. deliver greater returns with less risk....
- M Mathematics Sub to this yt called Full Of Epic Not mine just helping people get up there and also this one Sub to this yt called DGPL Creations...
Ответ:
Regulatory statutes refers to the licensing statutes sanctioned to ensure general society. unlicensed people can't recuperate installment for giving administrations that an authorized individual is required to give.
Ответ:
a. Dr Bad Debts Expense $2,700
Cr Allowance for doubtful accounts $2,700
b. $5000
Explanation:
(a) Prepare the adjusting journal entry to record bad debt expense for the year.
Debit Bad Debts Expense [($420,000 x 1%) – $1,500]$2,700
Credit Allowance for doubtful accounts $2,700
(b) If the allowance for doubtful accounts had a debit balance of $800 instead of a credit balance of $1,500, determine the amount to be reported for bad debt expense
Bad debt expense = $4200 + $800 = $5000