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Semmy [17]
3 years ago
9

In large high rise condominiums, each unit is owned by individual owners. The elevators, parking garage, and swimming pool are c

alled: A. proprietary elements B. common area elements C. separate property D. community property
Business
2 answers:
miss Akunina [59]3 years ago
6 0

Answer:

B. common area elements

Explanation:

-Proprietary elements refer to something that has a trademark or it is protected by property rights and can only be used or sold by the owner.

-Common area elements refer to the parts of a condominium that can be used by all the people living there and that belong to all the owners.

-Separate property refers to a property that people get before marriage and doesn't count as part of the marital property.

-Community property refers to property purchased during marriage that is considered marital property.

According to this, the answer is that the elevators, parking garage, and swimming pool are called common area elements.

Arlecino [84]3 years ago
5 0

Answer:

B. common area elements

Explanation:

Common Area elements are those spaces in real estate that are meant for general use. They are not owned exclusively by one person but are rather shared by the people who live within the area. The people pay some maintenance fee to keep the common area elements in good conditions.

In condominiums, the elevators, parking garage, and swimming pools are collectively shared by residents, and they all pay for the maintenance of these properties. Therefore, they can be said to be Common Area elements. Common Area elements can be found in residential, business and Government-owned properties.

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Option D. The term relevant range is the range over which  Cost relationships are approximately linear.

<h3>What is relevant range?</h3>

This is the term that is used to refer to the assumption that the cost relationships are valid.

What this means is that the existing relationship between cost and any activity are linear, in a straight line.

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2 years ago
Under what circumstances would a privately held company be obligated to make sec filings?
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Public debt securities have been registered by the business is the circumstances would a privately held company be obligated to make sec filings.

<h3>What is public debt securities?</h3>

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The interest rate on a debt security will be influenced by the borrower's perceived creditworthiness. Although there are many different types of debt securities, corporate and governmental bonds are among the most common.

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7 0
2 years ago
John is considering purchasing a commercial building. His accountant is working with him to determine the property’s value to Jo
AnnyKZ [126]

Answer:

Adjusted basis

Explanation:

Adjusted basis in accounting is used to calculate the net value of an asset. This is done by reducing depreciation deductions from the original value and adding capital expenses like cost of improvement.

This method is best used when there is need to get accurate gain and loss records, and for tax purposes.

In the given scenario John's accountant is using the adjusted basis when he calculates initial cost of an investment property plus the cost of any additional improvements less qualified deductions

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3 years ago
Prepare the cost of goods sold section of the income statement at December 31, 2017, for each company in Merchandising Business
Lady bird [3.3K]

Answer: (a) $325,000

(b) $1,150,000

Explanation:

(a) For Music world retail:

Cost of goods sold = Goods available for sale - Ending merchandise inventory

                                = (Beginning merchandise inventory + Cost of purchases) - Ending merchandise inventory

                                = ($200,000 + $300,000) - $175,000

                                = $500,000 - $175,000

                                = $325,000

(b) For Wave-Board Manufacturing:

Cost of goods sold = Goods available for sale - Ending finished goods inventory

                               = (Beginning finished goods inventory +  Cost of goods manufactured) - Ending finished goods inventory

                                = ($500,000 + $875,000) - $225,000

                                = $1,150,000

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