Which of the Following Is Sometimes Called a Tenancy from Month

question 90

Multiple Choice

Which of the following is sometimes called a tenancy from month to month?

• A)tenancy at sufferance
• B)periodic tenancy
• C)tenancy at will
• D)tenancy for a term

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Definitions:

Accounting Estimate

An approximation of a financial statement element, item, or account in the absence of exact data, often involving judgment or assumptions.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity.

Double-Declining-Balance Method

A method of accelerated depreciation that doubles the rate at which an asset's book value depreciates.

Salvage Value

The projected amount an asset is expected to yield when it is sold after its period of usability has ended.