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Lemur [1.5K]
3 years ago
8

An owner of land may involuntarily and unknowingly give up the rights to land. When a fee simple interest is conveyed to a new o

wner without a deed and without the consent or knowledge of the original owner, this is said to be conveyed by:A. PrescriptionB. Adverse possessionC. AccretionD. Reliction
Business
1 answer:
alexdok [17]3 years ago
8 0

Answer:

The answer is: B) Adverse possession, but A) Prescription, is also correct

Explanation:

Adverse possession is the process by which a person who does not have legal rights to a certain real estate property (usually land) acquires legal ownership based on continuous occupation of the land without the consent of its legal owner.

Ownership by prescription happens when someone other than the original owner gains legal rights over a certain property under the principles of "adverse possession".

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Journalize the entries to correct the following errors:
Rzqust [24]

Answer:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

Cr Fees earned $8820

Explanation:

Preparation of the entry to correct the following errors:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

Cr Fees earned $8820

($4410+$4410)

6 0
3 years ago
How do political factors affect businesses
allsm [11]

Answer:

Change in the political factors can affect business strategy because of the following reasons: The stability of a political system can affect the appeal of a particular local market. Governments view business organizations as a critical vehicle for social reform. ... Government actions influence the economic environment.

Explanation:

4 0
3 years ago
IRB continuing review of a greater than minimal risk approved protocol that is currently enrolling subjects must ______________-
Stolb23 [73]

Answer:

Occur at least annually

Explanation:

Greater than minimal risk protocols that have been approved must undergo review at least once a year. However IRBs usually specify a shorter period than this for reviews. The principal investigator holds the duty of ensuring that signed consent forms are kept confidential. The IRB are not required to review these confidential forms.

6 0
3 years ago
Soccer Wholesale purchased land and a warehouse for $990,000. In addition to the purchase price, Soccer Wholesale makes the foll
Elan Coil [88]

Answer:

Cost of land= $1,124,100

Explanation:

<em>According to International accounting standards(IAS) 16 ,The cost of land includes purchase cost plus all other costs necessary to bring and make it ready for the intended use. </em>

<em>These costs include purchase cost, fees and commission associated with the purchase transaction. </em>

Further more, included in the historical cost are the net demolition cost of old structure to prepare the land for use. Net cost here means cost of demolition less any incidental proceed from the old structure.

However, remember that land is not depreciated because it has an infinite life span.

So using the historical cost principle the cost of the land

Cost of land = 990,000 + 49,600 +2300 + 6, 900 + 75,300=  1,124,100.00

Cost of land= $1,124,100

6 0
3 years ago
Many owners of consulting companies took their own skills and launches businesses by selling those skills to other companies who
Juli2301 [7.4K]

Answer:

education and expertise

Explanation:

Based on the scenario being described within the question it can be said that this is an example of education and expertise. By learning a skill or trade and gaining experience by continuously practicing and improving those skills anyone can sell those skills to other individual's or company's that require those skills but do not possess them. Such as the individuals in this scenario did.

3 0
2 years ago
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