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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
    Royalties Are Connected with the Following Types of Business
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Royalties Are Connected with the Following Types of Business

Question 19

Question 19

Multiple Choice

Royalties are connected with the following types of business


A) Mining
B) Construction
C) Textile
D) All of the above

Correct Answer:

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Q14: In the books of Lessee , short

Q15: Lessor is the …………<br>A)Qwner<br>B)User<br>C)None<br>D)Both

Q16: Which of the following statement is false?<br>A)Recoupable

Q17: If the royalty is less than minimum

Q18: In case f recoupment of shortworking, the

Q20: The minimum rent can ……………………….be proportionately, if

Q21: Short working = …………………- Royalty Payable<br>A)Minimum rent<br>B)Capital<br>C)Cash<br>D)None

Q22: minimum rent is also term as dead

Q23: Short working is ………….<br>A)Excess of minimum rent

Q24: Which of the following statement is false<br>A)If

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