An easement by _______________ is granted by the courts to a private owner to prevent creation of landlocked property; it is only granted if there is no other access. This easement is only available to private owners and not public utilities, railroads, or governments

Fill in the blank(s) with the appropriate word(s).

Answer: necessity

Business

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On July 1, 2017, Miniature Company has bonds with balances as shown below

Bonds Payable 70,000 Discount on Bonds Payable 3,600 If the company retires the bonds for $71,150, what will be the effect on the income statement? A) loss on retirement of $4,750 B) gain on retirement of $4,750 C) sales revenue of $66,400 D) no effect on net income

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Within the context of preparing formal reports and proposals, the term limitations refers to

A) the boundaries of your proposal, what you can and can't do. B) excuses for inadequate research or a poorly written report. C) factors beyond your control that have affected the report's outcome. D) the risks and rewards of a specific course of action. E) the costs and benefits of a specific course of action.

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