Wednesday, December 25, 2019

Essay on Differences About Jesus in Islam and Christianity

Differences About Jesus in Islam and Christianity First off, by way of clarification, in the Christian faith, Jesus is considered to be much more than a Prophet. The Christian belief is that He was and is the Son of God. Moreover, Christ is considered to be superior to the Old Testament prophets (Hebrews 1:1-14). Jesus then commissioned His apostles to preach His words and doctrines (Matt 28:19,20). As such, the writings of the apostles, as found in the New Testament, are considered to be inspired. However, the offices of prophet and apostle as givers of special revelation are not considered to continue indefinitely. The Christian belief is that special revelation ended with the apostles.†¦show more content†¦Moreover, these doctrines are considered essential to the Christian faith (Rom 10:9,10; 1Cor 15:13-17). I am aware of the passage in the Quran that says that Jesus did not die on a cross (Sura 4:154-158) When I read the Quran the impression I get was that there is much agreement to be found between Islam and Christianity (such as in the teaching that there is only one God). However, there are some essential differences as well, namely the issues you raise in your questions. The Person, life, and work, of Jesus Christ is viewed considerably different in the Quran versus the New Testament. In addition to denying Jesus death on the cross (and by implication, the atonement and His resurrection), the Quran also specifically denies that Jesus is the Son of God (Sura 4:171; 9:30; 23:80). Meanwhile, the Bible specifically affirms that Jesus is the Son of God. In fact, near the end of his Gospel account, the apostle John wrote, And truly Jesus did many other signs in the presence of His disciples, which are not written in this book; but these are written that you may believe that Jesus is the Christ, the Son of God, and that believing you may have life in His name (John 20:30,31). And this leads to the last main point of difference that I will mention. In Islam, if I understand it correctly, one is saved by faith in Allah and by onesShow MoreRelatedCompare and Contrast Christianity and Islam921 Words   |  4 PagesContrast Christianity and Islam In Wikipedia religion is definedâ€Å"A religion is an organized collection of beliefs, cultural systems, and worldviews that relate humanity to an order of existence.† There are approximately more than four thousand religion in the world. Christianity and Islam are part of the major significant religion. Christianity was founded by Jesus Christ approximately 2,000 years ago; Christianity is one of the most influential religions in world history. Christianity developedRead MoreHistory 53 Judaism Essay1737 Words   |  7 Pagessaid can be compared to what Jesus did and said? When did Jewish people transition from pastoralism to agriculture and from being nomadic to sedentary? 3 Id-Where and when did Zoroastrianism originate? How did it influence Judaism in terms of the figure of the devil and the idea of afterlife? List 4 ways in which it influenced all Western religions and explain why some people argue that Zoroastrianism provides the foundation for much of Judaism, Christianity and Islam. 4 Id- When and why wasRead MoreReligion Is An Important Part Of People s Everyday Life946 Words   |  4 Pagesthroughout the world, two of the major ones are Christianity and Islam. 32% of the world population are Christian and 23% is Islamic. These two have many things in common, but also have some very distinct differences. Both religions are monotheistic, meaning they believe in one god. The Christian god is called â€Å"God.† He is believed to have created the world and came down to earth in human form, Jesus. â€Å"Christ† in Greek mean â€Å"the chosen one,† meaning that Jesus was the chosen one to carry God s messageRead MoreThe Religion Of Islam And Islam1544 Words   |  7 Pagesâ€Å"America and Islam are not exclusive and need not to be in competition. Instead, they overlap, and share common principles of justice and progress, tolerance and the dignity of all human beings† (Barack Obama). For many decades, in most cultures, religious practice has been a controversial issue, because each religion competes demonstrating that their practices are the true path to God. Religious tolerance is very important because followers should be free to choose their own religion. Some religionsRead MoreJudaism, Christianity, And Islam1052 Words   |  5 PagesAubrey Fletcher 3/9/15 Humanities Professor Michaud 417868 Judaism, Christianity, and Islam There are roughly 4,200 different religions in the world today, among them the largest are Judaism, Christianity, and Islam. These three religions are more similar then one would think. Christianity is the largest religion in the world with 2 billion followers and are called Christians. Islam is the second largest religion in the world with 1.3 billion followers. They are called Muslims, which means â€Å"oneRead MoreSimilarities Between Christianity And Islam891 Words   |  4 PagesChristianity came about 2000 years ago and was founded by Jesus Christ. It is mostly practiced in the Western world with a population of about 2 billion people. The name Christianity came from a Greek word ‘Christos’ meaning Jesus Christ and was founded between 4 B.C. and 30 A.D, and consist of the 3 major groups which are the Roman Catholic, Protestant and Orthodox. Islam on the other hand was founded about 1400 years ago by Muhammad in 600’s A.D. The word Islam is derived from an Arabic word forRead MoreDifferent Religions, Different Practices, And One Aim Of Righteousness846 Words   |  4 PagesRighteousness For decades there have been many controversial arguments between the religions of Christianity and Islam. Many of the controversies have unfortunately resulted in hate crimes, discrimination and segregation. From the difference beliefs both religions practice to the languages they speak to one another, there has always been a conflict between both religions. What I question myself everyday about this controversy is: Why? Why all the violence towards one another when at the end of the dayRead MoreConflict Between Islam And Christianity945 Words   |  4 Pagesreal serious issue. Islam, and since its existence, has faced many struggles with many people who think of it as an outrageous religion that pushes people to kill, treat unfairly, and think criminally. However, Islam by name is a message of peace. The word Islam was taken from the word Salam, which simply means peace in Arabic. Additionally, the ideal of this religion is to worship one god –Allah– and believe that Mohammad is his messenger. Many of the legalizations of Islam call for concord andRead MoreThe Christian Bible and the Islamic Quaran994 Words   |  4 PagesSimilarities and difference exist between the two sacred texts of Islam and Christianity and although the Qur’an and the Bible are considered sacred text and their impact on modern society is ever present. Sacred texts are a collection of historical writings that date back thousands of years and are used by many traditions to have a special significance especially scriptures and holy books as they are often used to show hoe to live an honest and meaningful life. The Qur’an is the sacred text of Islam. It isRead MoreAbrahamic Religions : Judaism, Christianity, And Islam1407 Words   |  6 PagesAbrahamic Religions: Judaism, Christianity and Islam ​The Abrahamic religions, Judaism, Christianity, and Islam are the three key Western Religions they all exercise monotheism, achieving peace though justice, God’s love and mercy, all three trace back to the prophet Abraham in some way, even though he was first mentioned in the Hebrew Bible. These three religions are very closely unified because they share many common beliefs and thoughts, and they all rely on holy books or scriptures as a life-guided

Tuesday, December 17, 2019

Supporting Gay Marriage Lesbian Marriage - 2225 Words

Supporting Gay Marriage Lindsy and Beth, lesbian couple, have been living together for eleven years. Lindsy conceived two children from a sperm donor. Together, Lindsy and Beth turned their house into a loving home for their two children. One day, on the way home from the grocery store, Lindsy was killed in a tragic car accident. Before Beth could even grasp the situation, the children that she helped raise from birth had been taken away and placed into the care of Lindsy s parents, who never were a part of their lives because they did not accept Lindsy s homosexuality. In addition, the house that Beth and Lindsy lived in for eleven years was taken away from Beth. How did this happen to Beth? Well, if Lindsy and Beth could have been legally married like all heterosexual couples, Beth would have had custody of the children and would have kept the house. They would have received 1,049 protections, benefits and responsibilities that are extended to married couples under federal law (HRC). Lindsy and Beth are one example of same sex couples that live in 99.3 percent of all counties in the United States (HRC). It is estimated that 10 percent or 25 million people in the United States are homosexuals, and by law they do not have the rights that married heterosexuals enjoy. American voters have the power to change the law and prevent the sad story that Beth had to live, by voting yes on referendums in support of gay marriage, and no on bans of gay marriage. The openingShow MoreRelatedSupporting Gay Marriage : Supporting Lesbian Marriage2230 Words   |  9 Pages Supporting Gay Marriage Supporting Gay Marriage Lindsey and Beth, a lesbian couple, have been living together for eleven years. Lindsey conceived two children from a sperm donor. Together, Lindsey and Beth turned their house into a loving home for their two children. 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People who support homosexual marriage carried on their campaign arguing that banning gay marriage is a ‘discrimination’, which is similar to the prohibition of racial intermarriage that existed in past. Since lots of homosexuals all around the world insist their basic rights of marriage, there are plenty of serious debates going on about their marriage. Denmark was the first countryRead MoreSame Sex Marriage Affirmative Side1556 Words   |  7 PagesThat Same Sex Marriage Should be Legalized in the Philippines (Positive) Premises 1.) To exercise freedom of choice. 2.) To control population. 3.) To have an opportunity to adopt children from orphanage. 4.) To practice human rights. 5.) To prevent HIV disease. INTRODUCTION Same sex marriage is known as a marriage between two persons of the same biological sex or gender . It is one of the most controversial yet sensitive topics that have been discuss around the world. Politicians are havingRead MoreEssay about Gay And Lesbians Marriage970 Words   |  4 Pagesï » ¿Gay and lesbians Marriage People question themselves all the time, what is love? There are numerous definitions of what love is but love in my opinion is when two people different feel connected doesn’t matter what race, nationality, or gender. Love lies within every human. Every human being should have the full right to love whoever they want. There should not be any discrimination against love. Love has many different form, some that people will never understand such as gay and lesbian love.Read MoreMarriage Should Be A Privilege For All962 Words   |  4 PagesAllanna Iverson Mrs. Trandall LA10 1 March 2016 Marriage should be a privilege for all Most people believe that they deserve the rights they are granted by the government. An upstanding citizen who pays their taxes, serves their community and abides by the law should be afforded the rights of an American. 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Specifically, gay and lesbian couples are denied the right to marry even if they are outstanding citizens. They are held at an unfair disadvantage solely because of their sexual orientation. This discrimination must stop, because gay and lesbian couples are law-abiding citizens too, who should be afforded the same rights as heterosexual couples. Marriage is about love andRead MoreMedia Analysis of a Current Controversial Issue875 Words   |  4 Pagesmedia. Some nations like the US have legalized homosexuality and this is why there has been uproar after the president of Uganda signed a bill in parliament outlawing homosexuality. The media has always been blamed of being bias while reporting on gay marriages and homosexuality. The homosexuality group is a minority group that is always viewed very different by the society. Many forms of media are used to address these topic namely; the social media, television, newspapers, and magazines. The socialRead MoreThe Fundamental Right to Same-Sex Marriage Essay718 Words   |  3 PagesThe legalization of same-sex marriage has been a controversial issue for years. Arguments have risen between political and religious point of views over the controversial topic. While many believe it is morally and ethically wrong, there are others who believe it is emotionally and socially acceptable. More than half the country legally denies the right to marry between lesbian or gay couples. When denying same-sex couples to marry, the government is degrading the rights of citizens and is encouraging

Monday, December 9, 2019

The Anthropology of Terrorism free essay sample

It has been eleven years since these attacks, and our country is still at war, and we use terms like â€Å"acts of terror† to justify our invasion of their civilian space. Personally, I do not care much for conspiracy theories, but I was interested to know a little bit more about the Islamic culture that these â€Å"terrorists† stem from. While the majority of the population of Iraq and Afghanistan are practicing Muslims, they can not all be defined as â€Å"terrorists. In all actuality, a lot of them may define Americans and other westernized countries with seemingly unlimited war powers as â€Å"terrorist† groups. There are many differences from the American view of acts of terror, the Iraqi view of acts of terror, and the view of how those who commit crimes of terror see their own actions. I think it very important that American civilians, especially those who are not well educated on our foreign policies and the current war situation, take time to see how Ir aqi civilians and the Muslim population view the September 11 acts of terror, and the subsequent war compared to those who chose to commit these acts. We will write a custom essay sample on The Anthropology of Terrorism or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I think that most would be surprised when they find that the Islamic religion does not actually promote those extensive â€Å"acts of terror† that they do not support the extremist groups like Al Quaeda, and that our presence in their civilian areas, like market places may not be necessary or productive for their day-to-day routines. In order for many people to understand these differing viewpoints on terrorism, I think it is important to focus on how different people may define an act of terror. In December of 1994, the Unite Nations General Assembly Resolution 49/60, Measures to Eliminate International Terrorism, describes terrorism as: â€Å"Criminal acts intended or calculated to provoke a state of terror in the general public, a group of persons or particular persons for political purposes are in any circumstance unjustifiable, whatever the considerations of a political, philosophical, ideological, racial, ethnic, religious or any other nature that may be invoked to justify them. Later, in 2004 at UN Security Council Resolution 1566 a definition is given, stating acts of terror are: Criminal acts, including against civilians, committed with the intent to cause death or serious bodily injury, or taking of hostages, with the purpose to provoke a state of terror in the general public or in a group of persons or particular persons, intimidate a population or compel a government or an international organization to do or to abstain from doing any act. The United Nations adds to the definition again in 2005 at a panel, stating the definition of terrorism as: Any act intended to cause death or serious bodily harm to civilians or non- combatants with the purpose of intimidating a population or compelling a government or an international organization to do or abstain from doing any act. (â€Å"Various Definitions of Terrorism†) The United Nations has no official definition of terrorism, because some would argue that there is no real distinction between a â€Å"terrorist† and a â€Å"freedom fighter. Therefore, the United Nation’s descriptions of the term are vague and always include that terrorism is â€Å"intimidating† or that it â€Å"provokes terror† on a group of people. The first description listed comments on the justification of these acts, which most others do not. Now, I would like to point out the differences in he definitions that are released by the Arabic Community and the united States . In 1998, the Arab Convention for the Suppression of Terrorism was implemented by the Council of Arab Ministers of the Interior and the Council of Arab Ministers of Justice in Cairo, Egypt. They defined terrorism at this convention as: Any act or threat of violence, whatever its motives or purposes, that occurs in the advancement of an individual or collective criminal agenda and seeking to sow panic among people, causing fear by harming them, or placing their lives liberty or security in danger, or seeking to cause damage to the environment or to public or private installations or property or to occupying or seizing them, or seeking to jeopardize national resources. â€Å"Various Definitions of Terrorism†) The United States has many different definitions of terrorism in almost every government organization’s code. In Federal Criminal Code Title 18 of the United States defines terrorism and lists the crimes associated with terrorism. In Section 2331 of Chapter 113(B), defines terrorism as: †¦activities that involve violent†¦ or life-threatening acts†¦ that are a violation of the criminal laws of the United States or of any State and†¦ appear to be intended (i) to intimidate or coerce a civilian population; (ii) to influence the policy of a government by intimidation or coercion; or (iii) to affect the conduct of a government by mass destruction, assassination, or kidnapping; and†¦(C) occur primarily within the territorial jurisdiction of the United States†¦Ã¢â‚¬  FBI definition of terrorism: The unlawful use of force or violence against persons or property to intimidate or coerce a Government, the civilian population, or any segment thereof, in furtherance of political or social objectives. The definition of terrorism used in the United States Army Field Manual FM 3-0, form 2001 is: The calculated use of unlawful violence or threat of unlawful violence to inculcate fear. It is intended to coerce or intimidate governments or societies [to attain] political, religious, or ideological goals. The Dictionary of Military Terms used by the Department of Defense defines terrorism as: The calculated use of unlawful violence or threat of unlawful violence to inculcate fear; intended to coerce or to intimidate governments or societies in the pursuit of goals that are generally political, religious, or ideological. (â€Å"Various Definitions of Terrorism†) I think the difference in the way our governments define a term that the United Nations finds so debatable shows a huge cultural difference in where the priorities for our countries lie. Obviously, since the September 11 attacks, the United States has spent an extensive amount of time coming up with more and more to add to the definition of terrorism and have worked to almost make ourselves seem like more of the victim. Our Federal Code includes mass destruction and assassination, but states that it primarily occurs within the United Stated jurisdiction. This is open to interpretation, as is all code, but it basically means that we are always the victim of acts of terror and can hardly ever be accused of committing the crime. However, in the FBI definition, it says that terrorism is using violence and force to coerce a government and its civilians of political and social objectives. Are we not using force and asserting ourselves on the Iraqi government, and every other government that we have been at war with? Has it not all been for a political gain? Then the military definitions add that actions can only be defined in that way if they are being committed for political, religious, or ideological reasons. However, I think that most Americans, if asked would only include religion in the definition. We have been trained to think that way, to only see terrorism as acts of Jihad, extremist Muslims. Americans, since I can remember have always been extremely proud. We are all truly blessed to come from a country that has a strong military backbone, free, accessible education, a comparably thriving economy, and the opportunity for social mobility. That being said, the majority of Americans are very ignorant and one-sided on a lot of political issues. Most are content with obtaining the easily accessible information from the news or internet and word of mouth. Most do not take the time to educate themselves on social issues that they comment on daily. This is why people are so opposed to those who practice Islam using their first amendment right to freedom of religion, especially in the south where most are extremely prejudiced. The news and the coverage of the September 11 attacks and the war are to blame for this phenomenon of fearing those who are different. In Packaging Terrorism: Co-opting the News for Politics and Profit, Susan Miller criticizes the way the media chooses which stories to run. â€Å"Threats, danger, fear. These words grab the attention of the readers and that’s what the media want. Your attention. Be afraid. Be very afraid. † She shows that there are many more options of global stories that our local news stations could run, but those that involve Americans or anything involving conflict in the Middle East, or even stories of al-Qaeda action in other countries, will get higher ratings as â€Å"Big Stories† over stories like the huge crisis of bombings in Mumbai in 2006, which is a place and event that Americans, in general, have no solid connection to. However, our society is also very vain, and there are even international events that are very important to us and the action in the Middle East that constantly get trumped by â€Å"larger† domestic stories. A 2006 suicide bombing of the Golden Mosque, which was close to triggering an Iraqi civil war was overshadowed by the Winter Olympics that year. A 2005 bombing was completely overshadowed by the kidnapping of Natalee Holloway in Aruba. The American people are more likely to be interested in our domestic actions than the stories of foreign events, especially when these events seem to run together and are so similar every time they are covered. One thing that is extremely controversial in covering those true acts of terror is the fact that most terrorists really want the attention on them. If someone is taken hostage and taped, or there is a huge event, like the 9/11 attacks, those who commit these actions are doing so for the attention, and for the media to show these events to the public, some can argue that those who share the news are just giving them what they most desire: to have all eyes on them. There is also an opinion, however, that if this footage is shown, it will show Americans the true brutality of the people who our military is fighting against, and that it will show that there truly is a threat, encouraging Americans to further support our military and create a unifying experience that promotes patriotism. This was shown in the case of the kidnapping of reporter, Daniel Pearl in Pakistan in 2002 by al-Qaeda operative Khalid Shiekh Mohammad. The video of his execution was made available to news networks, and a portion of Pearl speaking was shown on CBS. The full video shows his throat being slit and his severed head held up with a voiceover speaking out against the â€Å"enemies of Islam. † After much debate of whether or not the video should be seen by the public, whether it would violate the rights of Pearl’s grieving family, and whether the American people should be allowed to be exposed to witnessing a person’s murder, Peter Kadizis and Stephen Mindich of the Boston Phoenix posted a link to the video with a note above stating, â€Å"This is the single most gruesome, horrible, despicable, and horrifying thing I’ve ever seen. . That our government and others throughout the world, who have had this tape for some time have remained silent is nothing less than an act of shame†( Moeller). While our media is the largest source of information for Americans and is the largest reason that Americans have an instilled fear of anyone of the Islamic religion, the USA Patriot Act passed in 2001 as a response to the terrorist attacks is one of the triggers that set off this fear, and is a constant reminder of the attack. This Act was instated based on the theory that if there is a threat to national security, the public is more willing to allow for harsher policies and increased restrictions of civil liberties. The Act includes reduced restrictions in law enforcement agencies gathering of intelligence within the United States; expanded the Secretary of the Treasury’s authority to regulate financial transactions, particularly those involving foreign individuals and entities; and broadened the discretion of law enforcement and immigration authorities in detaining and deporting immigrants suspected of terrorism-related acts. Even though support for the Patriot Act has decreased, though not dramatically (from 60% classifying it as â€Å"necessary† in 2001, to a 39% in 2006), President Barack Obama signed a four-year extension of the act to include, searches of business records that would assist in an investigation undertaken to protect against international terrorism, and surveillance of lone wolves,† individuals suspected of terrorist-related activities not linked to terrorist groups. (Borgeson, Valeri). This, eleven years later is an act that is still perfectly in tact, and is still restricting our rights. It isn’t the most invasive law, but it does hang over the heads of those who do business internationally and those who immigrated form other countries, because they are constantly under the threat of being watched and studied by the government. Since Americans have media coverage and restrictions that help to shape the idea of terrorism and the way we perceive terrorism and acts of violence, it is only logical to realize that the Iraqi people, have their own way of defining Terrorism in their country. It is important to realize, when analyzing their views, that the United States have been seen as a threatening force to them for the past eleven years by imposing on their land and declaring warfare on their former leader and having our military staying within their civilian quarters. Though Iraq has been liberated for the past five years, American troops were just recently sent home, and they are suffering from terrorist attacks against them from other outside forces as well. Most of those who practice the Islamic religion believe that warfare should only be used to suppress rebellion or to defend against imposing armies. They do not believe in starting wars, because the punishment is not in their hands, violence should only be used for protection. Yousuf Baadarani, a popular writer defending the Islamic culture, states in an interview with Asia Times states, â€Å"Since Islam forbids terrorism, than no terrorist could be labeled Islamic. He would have had to abandon the Islamic path to become a terrorist† (Abedin). Jihad is only supposed to be used to protect the Islamic religion against those who attack it, not to create terror in those who do not practice Islam. This counters a popular theory Americans have that all Muslims are destined to commit acts of terror and that they are instilling values that promote suicide bombings and murder of those who do not practice Islam. Al-Qaeda was born out of Osama Bin Laden’s leftover defense force he gathered together for the Saudi Kingdom, but it was rejected after they allowed US troops to use Saudi Arabia after Saddam Hussein invaded Kuwait. Al-Qaeda means â€Å"the basis† or â€Å"the base. † It is extremely difficult to find out the members of this organization and to figure out who is behind certain attacks. The chain of command is extremely difficult to follow. It has one goal: â€Å"to hit the West wherever and whenever it can, in order to further polarize the Muslim and Western worlds and effect an eventual victory of the Islamists, who claim leadership over the Muslim world†(Reuter). This terrorist group- and there is no debate from anyone as to whether or not they are a terrorist group- has committed too many suicide bombings and killings of innocent westerners to name. They are the group behind the infamous September 11 attacks, and are the ones who created all of the fear of terrorism in the United States. This group of people is founded on a basic principle: hate for all Westerners, and the desire to completely sever ties between those who practice Islam and Westerners. This is not a group based on jihad; the exception to the Islamic law against violence, which should only be allowed when defending the Islamic religion. It is simply a hate group against Westerners that wears a mask of religion. In conclusion, there is a lot that is not perceived correctly when it comes to the idea of terrorism. Every citizen of Iraq is not a terrorist, and neither is every member of the Muslim community. A select few extremists have ruined the reputation of a religion in the United States, with the help of the media and politics. I hope that every American citizen at some point realizes the difference between the terrorist attacks of September 11, and the Iraqi family that walks down the street. It is important to me and our country that people see that most Muslims do not support al-Qaeda and that the group of extremists is not practicing their religion properly. I hope that people will start to realize the importance of getting information from other sources than the popular media and that some will start to look up more information on important domestic and international events. Most of all, I hope that I have been able to properly compare viewpoints on terrorism in different parts of the world accurately.

Sunday, December 1, 2019

Real Estate Investment Trusts Essays - Real Estate,

Real Estate Investment Trusts Derrick Robicheaux Auditing 11:00-11:50 Accounting for REITs A real estate investment trust, or REIT, is a company that buys, develops, manages and sells real estate assets. There are three types of REITs; they are equity REITs, mortgage REITs, and hybrid REITs. An equity REIT is a corporation that purchases, owns and manages real estate properties; it does not own or originate real estate loans. It may also develop properties. A mortgage REIT is a corporation that purchases, owns and manages real estate loans; it does not own real estate properties. It may or may not originate commercial and/or residential loans. A hybrid REIT is a corporation that purchases, owns and manages both real estate loans and real estate properties. It has the qualities of both an equity and mortgage REIT which is why it is referred to as a hybrid. One of the most distinguishing characteristics of a REIT is that they are required to distribute at least 95% of taxable income to shareholders. REITs allow participants to invest in a professionally-managed portfolio of real estate assets. This is important because prior to Congress's creation of REITs only extremely rich individuals were able to benefit from ventures in the real estate market. By pooling assets together in a manner similar to that of a mutual fund, REITs allow the everyday investor the chance to invest in real estate properties. The main benefit of a REIT is that it is exempt from double taxation. The normal corporation is taxed on earnings, and then when dividends are paid, the individual receiving the dividend is taxed. REITs can deduct dividends distributed from taxable income. This results in only one level of taxation. The main disadvantage of a REIT is that since nearly all earnings are distributed as dividends, the trust must find capital to reinvest into the business from other areas. These funds are usually raised by investments in the market, and through the capital gains realized from the sale of the REITs assets. The second method by which REITs procure capital to reinvest into the business raises an accounting issue regarding the classification of assets. Currently, the buildings and property that REITs utilize to raise income are classified as property, plant, and equipment. However, it can be argued that these assets should be classified as inventory. The accounting definition of property, plant, and equipment specifies those properties of a durable nature used in the regular operations of the business. These assets consist of physical property such as land, buildings, machinery, furniture, tools and wasting resources. With the exception of land, most assets are either depreciable (such as buildings) or consumable (such as timberlands). These properties do reasonably fall into this category, especially in the cases where the REIT is involved in managing the property and receives revenue from rents. The definition for inventory relates to asset items held for sale in the ordinary course of business or goods that will be used or consumed in the production of goods to be sold. It can also be reasonably justified that these assets fall into this category, this is the nature of REITs, to buy and sell real estate. This is a gray area in which reasonable people can disagree. It is my opinion that these assets should be classified according the company's honest intent for its use. Many REITs own and operate apartment complexes and have no intent to sell the property, but are content to manage the units and collect rent. In these types of cases the property is not being sold but leased. Therefore, PP&E would be the appropriate classification, similar to the method that car rental agencies use. But, if the company intends to improve and sell the property then the property should be inventory. This method would be similar to method by which securities investments are accounted for. Depending on the company's intent, securities can be classified as held-to-maturity, available fo r sale, or marketable securities. Since all these properties are currently classified as property, plant, and equipment, the issue of depreciation becomes important. If these properties were classified as inventory, then all maintenance and repairs would expensed as incurred, and no depreciation would be recognized. However, as property, plant, and equipment, maintenance and