Ask Question
BusinessBusiness
19 November, 13:48

Broker A is a sole proprietor. He quits business and goes to work under Broker B. Whose responsibility is it to keep Broker A's previous records?

+1
Answers (1)
  1. 19 November, 14:01
    0
    Broker A is responsible for safekeeping previous records up to 4 years in the past.

    Explanation:

    Even if broker A decided that it was best for him to start working for broker B, he/she is still responsible for safekeeping all the previous records (up to 4 years) when he worked by himself/herself. The same applies if broker B had acquired broker A's business (a sole proprietorship is a type of business).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Broker A is a sole proprietor. He quits business and goes to work under Broker B. Whose responsibility is it to keep Broker A's previous ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which statement about deposits are true? Check all that apply A. Deposits increase the checking account balance B. A deposit is money that is subtracted from a bank account C.
Answers (2)
A company spends $50,000 this year in research and development for a new drug to cure liver damage. By the end of the year, management feels confident that the new drug will gain FDA approval and lead to higher future sales.
Answers (1)
Problem PageQuestion Charmaine's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Charmaine $5.80 per pound, and type B coffee costs $4.15 per pound.
Answers (1)
Bristol, INC. paid $800 for a 4-month insurance policy on August 1 of the current year. On August 31, Bristol, Inc. made an adjusting entry to account for the insurance that expired during the month of August.
Answers (1)
A company under IFRS standards decides to include interest paid in the Financing Section of their Statement of Cash Flows.
Answers (1)
New Questions in Business
The pricing function is an integral part of the companies :
Answers (1)
A company calculates the value of inventory by using the lower-of-market valuation method. which value should the company report for the inventory item for the period?
Answers (1)
To test an herbal treatment for acid reflux disease, 100 volunteers who suffered from mild indigestion were randomly divided into two groups. Each person was given a month's supply of tea bags.
Answers (1)
A facility management pro forma cash flow statement has beginning accounts receivable and payable balances of ¥18,000,000 (Japanese Yen) and ¥20,000,000.
Answers (1)
Which of the following statements about the consumers' responses to rising gasoline prices is correct? a. Because gasoline is a necessity, consumers do not decrease their quantity demanded in either the short run or the long run. b.
Answers (1)
Home » Business » Broker A is a sole proprietor. He quits business and goes to work under Broker B. Whose responsibility is it to keep Broker A's previous records?
Sign Up Forgot Password?