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Greta,an Agent,receives Money from Clients of Wayne,her Principal,on the Fifteenth

Question 34

Multiple Choice

Greta,an agent,receives money from clients of Wayne,her principal,on the fifteenth of each month.In the absence of an agreement,how frequently must Greta account to Wayne for the money she receives?


A) Typically during the financial year end
B) Immediately upon receiving the money
C) Within a year of receiving the money
D) Within a reasonable period of time after the money is received

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