Which of the Following Refers to Proof of Property Ownership

question 29

Multiple Choice

Which of the following refers to proof of property ownership?

• A) Title.
• B) Fee simple.
• C) Tenancy by the entirety.
• D) Community property.

---

Definitions:

Journal Entries

Records of financial transactions in the accounting system that are entered in the general journal.

Liquidity

Liquidity refers to the ease with which assets can be converted into cash without significantly affecting their market price, crucial for meeting short-term obligations.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company in using its assets to generate sales or revenue.

Profitability

A measurement of an entity's ability to generate income in relation to its revenue, assets, or equity.