MsRogers Owns a Property Adjoining the Property Owned by Mr

question 39

Multiple Choice

Ms.Rogers owns a property adjoining the property owned by Mr.Cartworth.Since her house lies behind that of Mr.Cartworth's, Ms.Rogers' driveway passes through his property.
-Which of the following types of nonpossessory interest has been created on Mr.Cartworth's land?

• A)an easement appurtenant
• B)an easement in gross
• C)a license
• D)a profit

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Definitions:

Market-to-Book Ratio

The market-to-book ratio compares a company's market value (or capitalization) to its book value of equity, indicating how valued a company is in comparison to its accounting values.

Debt-Equity Ratio

The debt-equity ratio shows the comparative amount of shareholder equity and debt financing a company uses to support its assets.

Fully Depreciated

A state where a fixed asset has reached the end of its useful life and its book value is reduced to scrap value.

Profit Margin

A measure of a company's profitability, calculated by dividing net income by total revenues. It shows how much profit each dollar of sales generates.