A Fief Is

question 47

Multiple Choice

A fief is

• A)a style of armor developed around 1000 A.D.to protect knights.
• B)a tax paid by serfs to their lords on the marriage of their eldest daughter.
• C)land or money offered by families to attract a suitable husband for a daughter.
• D)a lord's concession of land to a vassal, which imposed obligations upon both.
• E)a form of heroic epic, best seen in The Song of Roland.

---

Definitions:

Acquisition Differential

The difference between the purchase price of an acquired company and the sum of its net assets' fair values.

Retained Earnings

The portion of a company's profit not distributed to shareholders as dividends but kept in the company to reinvest in its core business or to pay debt.

Cost Method

An accounting approach for investments, outlining that an investment is recorded at its acquisition cost, adjusting for any dividends received.

Deferred Tax Asset

An accounting term representing an asset that may be used to reduce any future tax liability originating from temporary timing differences between the accounting and tax treatment of transactions.