Veronica has recently completed her surgical residency and is tired of paying rent. she needs a residence that is very low maintenance due to her grueling surgical schedule. condos and stock cooperatives (co-ops) have both been high on her list. veronica differentiate between these two residential options.

a. a stock cooperative buyer receives a fee interest, or deed, to her unit. a condominium is a corporation formed to own the land. veronica would not receive a grant deed, but does share in the corporation and the right to occupy a specific unit.
b. a condominium buyer receives a fee interest, or deed, to her unit. a stock cooperative is a corporation formed to own the land. veronica would not receive a grant deed, but does share in the corporation and the right to occupy a specific unit.
c. a condominium buyer receives a fee interest, or deed, to her unit. a stock cooperative is a form of ownership in which each of the investors holds a specific unit and owns the right to occupy that unit for a specified period of time.
d. a condominium is a form of ownership in which each of the investors holds a specific unit and owns the right to occupy that unit for a specified period of time. a stock cooperative is a corporation formed to own the land. veronica would not receive a grant deed, but does share in the corporation and the right to occupy a specific unit

In general, as long as the number of firms that possess a particular valuable resource or capability is less than the number of firms needed to generate perfect competition dynamics in an industry, that resource or capability can be considered and a potential source of competitive advantage.answers: valuablerareinimitableun-substitutable

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?