Agency
In Alaska, an agent's duty to the client 'to account' for all money or property received includes:
AKeeping detailed accounting records only for transactions over $10,000
BPromptly depositing client funds in the trust account, maintaining accurate records, and providing client statements upon request✓ Correct
CProviding monthly profit and loss statements for the client's investments
DAccounting for the agent's own expenses in the transaction
Explanation
The duty of accounting requires the agent to: promptly deposit all received funds in the appropriate trust account, maintain accurate, verifiable records of all funds received and disbursed, and be able to account for client funds at any time upon request. This protects clients from unauthorized use of their money.
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