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11Alexandr11 [23.1K]
2 years ago
12

Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip of waterfront property. Northeast gives

Manhattan a deed that conveys only whatever interest Northeast has in the strip. This deed is
Business
1 answer:
soldier1979 [14.2K]2 years ago
5 0

"Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip..." this is a quitclaim deed. This is further explained below.

<h3>What is a deed?</h3>

Generally, the deed is simply defined as Legal documents that are signed and delivered, particularly those that deal with property or legal rights.

In conclusion, When a company pays another company to relinquish a claim to a strip mine, it is executing a quitclaim deed.

Read more about deed

brainly.com/question/17214313

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Answer:

The answer is B In horizontal percentage analysis, a financial statement line item is expressed as a percentage of the previous balance of the same item.

Explanation:

Horizontal analysis of a balance sheet shows changes in individual assets, liability, and equity items over time.

Horizontal analysis of an income statement compares the amount of each item on a current income statement with the same item on an earlier income statement.

Horizontal analysis is used in financial statement analysis to compare historical data, such as ratios, or line items, over a number of accounting periods. Horizontal analysis can either use absolute comparisons or percentage comparisons, where the numbers in each succeeding period are expressed as a percentage of the amount in the baseline year, within the baseline amount being listed as 100%.

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The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production
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Explanation:

Under variable costing method, product costs are calculated on variable manufacturing  costs only.

Step 1 : Determine unit Product Cost

Product Cost = Variable Manufacturing Costs

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Step 2 : Determine the units in Inventory

Units in Inventory = Opening Stock + Production - Sales

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Inventory value = Units x Cost per unit

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2 years ago
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In economics, the resource that encompasses the natural resources used in production. ... Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.

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