Provide two examples of how present and future interests can be combined to create a fee simple interest
Fee simple determinable + possibility of reverter
Fee simple subject to a condition subsequent + right of entry/power of termination
Life estate + remainder
Life estate + reversion
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ValleyView Company acquires common stock of Kansas Enterprises for $400,000 on November 1, 2013, and designates this investment as available-for-sale. The fair value of these shares is $435,000 on December 31, 2013 . ValleyView sells these shares on
August 15, 2014, for $480,000. (Refer to ValleyView.) The journal entry to record acquisition of securities available-for-sale on November 1, 2013 is: a. Cash . . . . . . . . . . . . . . . . . . . . . .400,000 Marketable Securities . . . . . . . . . . . . . .400,000 b. Cash . . . . . . . . . . . . . . . . . . . . . .400,000 Common Stock . . . . . . . . . . . . . . . . . 400,000 c. Common Stock . . . . . . . . . . . . . 400,000 Cash . . . . . . . . . . . . . . . . . . . . . . . 400,000 d. Marketable Securities . . . . . . . . 400,000 Cash . . . . . . . . . . . . . . . . . . . . . . . 400,000 e. Marketable Securities . . . . . . . . 400,000 Common Stock . . . . . . . . . . . . . . . . . 400,000
"Market," as used in the phrase "lower of cost or market" for valuing inventory, refers to the price at which the inventory is being offered for sale by its owner
Indicate whether the statement is true or false
What is shared leadership? What does research suggest about its impacts on a team?
What will be an ideal response?
Explain how Maslow's need hierarchy can help you write a more effective persuasive message to the receiver