Recording a Deed Is Done Primarily to Protect the

question 49

Multiple Choice

Recording a deed is done primarily to protect the

• A) county clerk.
• B) buyer.
• C) seller.
• D) buyer's attorney.

---

Definitions:

Net Income

The total profit of a company after all expenses, including taxes and costs, have been deducted from total revenue.

Equity Method

The equity method is an accounting technique used to assess the investments in other companies, where the investment is recorded at original cost and adjusted according to the investor’s share of the investee's profit or loss.

Intra-entity Inventory

Transactions involving the exchange of goods between divisions within the same company, often for consolidation or reallocation purposes.

Gross Profit

The disparity between sales income and the expense of goods sold, prior to considering additional expenditures.