Which of the Following Is NOT Correct

question 74

Multiple Choice

Which of the following is NOT correct?

• A) Alex's daily maintenance and timely repairs around his home should make it attractive to potential buyers.
• B) Brenda's new hot tub will probably not increase the selling price.
• C) When showing the home, Caryn's suggestion to open drapes but keep lights turned off to conserve energy will give her property a positive image.
• D) Darryl's decision to sell his house "by owner" could save him several thousands of dollars in commission.
• E) Eric's listing with a real estate agent will provide him with services such as advice on features of his home to highlight.

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Definitions:

AASB 132

The Australian Accounting Standards Board standard relating to financial instruments, covering the presentation, classification, and disclosures of financial instruments.

Financial Asset

An asset that derives value from a contractual claim, such as bank deposits, bonds, stocks, and derivatives.

Equity Instrument

A financial instrument that signifies ownership in a company and represents a claim on part of the company's assets and earnings.

Contractual Right

A legally enforceable claim that arises from a contractual agreement between parties.