Which of the Following Is an Example of Personal Property

question 173

Multiple Choice

Which of the following is an example of personal property:

• A) patents
• B) land
• C) buildings
• D) furniture
• E) none of the other choices are correct

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Definitions:

Stock Split

A corporate action where a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the overall value of the shares remains the same.

Common Stock Account

An equity account representing the ownership interest of common shareholders in a company.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders.

Share Split

A business move where a company splits its current shares into additional ones to increase the shares' marketability.