One of the Purposes of Estray Statutes Is To

question 88

Multiple Choice

One of the purposes of estray statutes is to:

• A) deprive careless people of their property as punishment for losing it
• B) allow finders of lost or mislaid property to acquire clear title if certain requirements are met,thus preventing the original owner from reclaiming it
• C) determine whether found property is lost or mislaid property
• D) allow the state to gain title to lost or mislaid property

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Definitions:

Cash Dividends

The distribution of profits by a corporation to its shareholders in the form of cash.

Indirect Method

A technique used in cash flow statements to adjust net income for the changes in non-cash accounts to calculate net cash from operating activities.

Operating Activities

Activities directly related to the primary operations of a business, including production, sales, and day-to-day administration.

Accounts Payable

Short-term liabilities a company owes to its suppliers or creditors, usually due within one year.