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If a Person Habitually Crosses Property Over a Number of Years

question 40

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If a person habitually crosses property over a number of years with permission of the owner, he can, in some provinces, acquire a right to cross that property even though there has been no actual documented grant of such a right. Acquiring such a right is this manner is called


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Net Income

The total profit or loss of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Expenses

Costs incurred in the process of earning revenue, typically including things like rent, salaries, and utilities.

Prepaid Advertising

Prepaid advertising refers to the costs paid in advance for advertising services or spaces that will be used over time, recognized as an asset until the advertising takes place.

Balance Sheet

This document outlines a business's resources, obligations, and the equity held by shareholders at a specified time.

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