Grandpa owns a farm. In a signed writing, Grandpa gave Sue the irrevocable right to use a road on his farm so that Sue could more easily reach her own property. What kind of interest in land did Grandpa give to Sue?
A. easement by grant
B. easement by implication
C. reserved easement
D. easement by prescription
Answer: A
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When interacting with a customer who has a rational style and keeps communication brief, your best strategy is to ________.
A. focus on their need to be liked. B. focus on their need for accuracy. C. keep word choices brief D. ask open-end questions to obtain information.
A company has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 6% of outstanding receivables are uncollectible. The current debit balance (before adjustments) in the allowance for doubtful accounts is $1,200. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for $6,000.
Answer the following statement true (T) or false (F)
In general, corruption can be classified into each of the following major types except:
a. Collusive peddling b. Petty corruption c. Grand corruption d. Influence peddling
Byrd Company experienced an accounting event that affected the elements of its financial statements as indicated below:Assets=Liab.+EquityRev.?Exp.=Net Inc.Cash Flow? NA ?NA + ?NA Which of the following accounting events could have caused these effects?
A. Amortized patent cost under the straight-line method. B. Recognized depletion expense under the units-of-production method. C. Recognized depreciation expense under the double-declining-balance method. D. All of these answer choices are correct.