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Answer the following questions using the information below:
The top management at Watersport Company, a manufacturer of water sport equipment, is attempting to recover from a fire that destroyed some of their accounting records. The main computer system was also severely damaged. The following information was salvaged:
-Return on investment is the most popular performance measure when measuring performance in an investment centre.
Ownership Interests
The rights and claims a person or entity has over an asset or property, usually manifested in equity or ownership percentage.
Marketable Title
A property title free from significant encumbrances or disputes, making it attractive for sale or transfer.
Ownership Interest
A legal or equitable claim in property, providing the holder with certain rights, such as use, enjoyment, and control.
Adverse Possession
Adverse possession is a legal principle under which a person who occupies someone else's land for an extended period, meeting certain requirements, may acquire legal ownership of that land without compensation.
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