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:

Direct Labor Hours

The total hours worked by employees directly involved in the production of goods or providing services.

Journal Entry

A record in accounting that notes the details of a financial transaction in a company’s financial systems.

Raw Materials

Basic materials that are used in the production process to manufacture goods, often transformed or converted into the finished product.

Journal Entry

A record in the books of account that represents a transaction and its effect on the accounts, typically including a debit and credit.