AICPA$\mathrm{.}081939$REG$-2$A$.2$

$128.$ The Silvas wish to sell their house and they talk to Bisbee, a real estate agent. Bisbee convinces the Silvas to form a joint venture with him. He would take responsibility for selling the property in exchange for $10\%$ of the proceeds. The Silvas want at least $$80,000.$ Bisbee tells the Silvas that he has sold the property for $$100,000$ and delivers to them a check for $$90,000.$ The