To Create a Bailment, the Bailee Must ______ to Possess

question 18

Multiple Choice

To create a bailment, the bailee must ______ to possess goods.

• A) intend
• B) ask
• C) have ownership
• D) desire

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Definitions:

Stock Dividend

A dividend payment made in the form of additional shares rather than cash, increasing the total number of shares owned by shareholders.

Comprehensive Income

A measure of all changes in equity of a company that result from recognized transactions and other economic events of the period other than those resulting from investments by and distributions to owners.

Net Income

The total earnings of a company, subtracting all expenses from revenues, including taxes and costs, over a specific period.

Other Comprehensive Income

Incomes that are not included in net income, reflecting changes in equity from non-owner sources.