Logging Corporation Has a Right to Go onto Mountain Timber

question 48

Multiple Choice

Logging Corporation has a right to go onto Mountain Timber Company's land and harvest select trees. Logging's right is

• A)a license.
• B)an easement.
• C)a profit.
• D)a right to adverse possession.

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Definitions:

Net Income

A company's overall earnings remaining after deducting all expenses, taxes, and costs from its total revenue.

Cash Dividends

A distribution of a portion of a company's earnings, decided by the board of directors, paid to a class of its shareholders.

Financing Activities

Activities that result in changes in the size and composition of the equity and borrowings of a company, reported in the cash flow statement.

Net Income

The net profit of a company following the deduction of all expenses and tax amounts from its total income.