Your Uncle, Who Has a Second Home in Bethany Beach

question 7

Multiple Choice

Your uncle, who has a second home in Bethany Beach, Delaware, is planning to sell it in the next few weeks. You are interested in buying this beachside property, so your agent negotiates a price for the house with your uncle's agent. This transaction is an example of

• A) The cost principle.
• B) the assumption of arm's-length transactions.
• C) the realization principle.
• D) the going-concern assumption.
• E) the matching principle.

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