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  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 7: Understanding the Concepts of Lessor, Lessee, and Minimum Rent
  5. Question
    Surplus Is……………
Solved

Surplus Is……………

Question 7

Question 7

Multiple Choice

Surplus is…………….


A) Excess of minimum rent over the actual royalty
B) Excess of actual royalty over minimum rent
C) Excess of actual royalty over minimum rent.
D) None of the above

Correct Answer:

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Related Questions

Q2: Royalty is a revenue expenditure to lessor<br>A)True<br>B)False<br>C)none<br>D)all

Q3: Royalties is calculated either on the basis

Q4: What is minimum Rent?<br>A)Payment for use of

Q5: royalty is an agreement between the following

Q6: Shortworking can be recouped only out of

Q8: Minimum Rent is also called<br>A)Dead Rent<br>B)Rock Rent<br>C)Fixed

Q9: Shortworking means……<br>A)Excess of Minimum rent over royalty<br>B)Excess

Q10: Dead rent is also called …………<br>A)Outstanding rent<br>B)Minimum

Q11: The objectives od fixing dead rent is

Q12: When the royalty are less than the

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