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kvasek [131]
3 years ago
9

Michael purchased a condominium unit in the Eagle Rock complex. The complex includes a number of common facilities such as an ou

tdoor swimming pool, recreation center, tennis courts, and walking trails. Under the typical condominium arrangement, these common elements are owned bya. a corporation in which Michael and the owners of the other units in the condominium own stock.
b. Michael and the owners of the other units in the condominium in the form of divided interests.
c. the association of homeowners in the condominium.
d. Michael and the owners of the units in the condominium in the form of undivided percentage interest.
Business
1 answer:
mariarad [96]3 years ago
5 0

Answer:

D) Michael and the owners of the units in the condominium in the form of undivided percentage interest.

Explanation:

A condominium property is a single and individually owned unit within a multi-unit building, e.g. a single apartment in an apartment building. The condominium owner possesses the property title of the unit, and is the joint owner of the common areas, e.g. elevator, halls, stairs, swimming pool, recreation centers, etc. The common areas are defined as the entire residential development, less the individual condominium units. The possessions of the common areas is in the form of undivided percentage interest, so no individual owner can sell or trade his ownership of the common areas.

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Answer:

True

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Change from the fair value method to the equity method Assume an investor company acquires for $256,000 an 8% investment in the
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Answer:

Date         Account title and explanation      Debit        Credit

March 1    Equity investment                          $32,000

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balu736 [363]

The correct answer to this open question is the following.

Here we do not have a question. Just a statement.

What is your question? What do you want to know?

However, trying to help you we can comment on the following.

If the government announces it will impose an indirect tax on the price of petrol because it wants to discourage travel by car and encourage the use of bus and rail services instead, it had to make sure that the impact will have the expected benefits because that could not always be the case.  

Some other considerations need to be made for this to happen. For instance, if the government wants to dissuade people to use their cars, the government has to make sure that the public transportation system is in optimal conditions, it is safe to ride, and can guarantee the transportation times for people to be on time in their jobs.

Otherwise, people will still be driving their cars because they think that using cars is a more safe and better way to travel.

Public transportation also has to comply with strict pollution emissions controls.

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Answer:

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Explanation:

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