The Two Types of Possession Are: ​

question 46

Multiple Choice

The two types of possession are: ​

• A)actual and constructive.
• B)real and actual.
• C)real and constructive.
• D)actual and contractual.

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Definitions:

Income Taxes

Taxes that individuals or entities are required to pay to a government, based on income earned over a fiscal period; these taxes vary by country and the details of the taxpayer's income situation.

Working Capital

The difference between a company's current assets and its current liabilities, indicating the short-term liquidity of the business.

Income Tax Rate

The proportion of earnings handed over to the government as tax.

After-Tax Discount Rate

The discount rate that takes into account the effect of taxes on the net income from an investment.