When an Easement or Profit Is Not Dependent on Owning

question 11

Multiple Choice

When an easement or profit is not dependent on owning property adjacent to the land on which the nonpossessory interest exists,the easement or profit is ________.

• A)In gross
• B)Appurtenant
• C)Express
• D)Adjoining
• E)Prevailing

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Definitions:

Operating Activities

Business actions that are involved in the day-to-day functions of producing goods, offering services, and other core operations.

Direct Method

A way of allocating service department costs directly to production departments without any consideration for services rendered between service departments.

Operating Activities

Activities that relate directly to the operation of the company, including production, sales, and day-to-day administrative functions.

Net Sales Adjusted

The revenue a company generates from its primary operations after deducting returns, allowances, and discounts.