A business makes a cash payment to a supplier on account for office supplies that were purchased earlier. Which of the following accounts is credited?

A working interest in an oil and gas partnership entitles the holder to:

I. a portion of the revenue. II. responsibility for part of the expense of extraction. III. royalty interest in the revenue. IV. royalty interest in revenue after deducting certain expenses. A) II and IV. B) I and III. C) I and II. D) III and IV.

Provide two examples of how present and future interests can be combined to create a fee simple interest