Dan makes a will leaving a specific sum of money to each surviving relative. The assets of Dan's estate are not enough to make all of the gifts in full. This situation requires
A. an abatement.
B. a publication.
C. a residuary.
D. a revocation.
Answer: A
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A firm purchased bonds to be classified as an investment in securities available-for-sale. The bonds were purchased at a premium. Assume the market price of the bond is volatile. Given these facts, which of the following is correct?
a. Less cash interest is received each year than interest revenue is recognized b. The ending valuation allowance account balance will depend on ending market value and original cost c. The ending valuation allowance account balance will depend on ending market value and original cost adjusted for amortization of premium d. The premium is ignored because the bonds are not classified as held-to-maturity
Answer the following statement(s) true (T) or false (F)
1. You would expect that 100% of the data would fall under the curve in a given probability distribution. 2. Constant, normal, and skewed are all types of distributions. 3. When drawing from a uniform distribution, it is equally probable that you will draw any number described by that distribution. 4. A Poisson distribution commonly occurs with small numbers of independent counts. 5. If you convert a distribution of scores to z-scores, the standard deviation of those z-scores will be equal to the standard deviation of the standard normal distribution.
Dylan's colleague said that he heard from another colleague in the department that their manager was being promoted. This is an example of ________ communication.
A. all-channel B. grapevine C. vertical D. formal E. chain
Which item is not included in an S corporation’s nonseparately computed income?
A. Net sales. B. Cost of goods sold. C. Dividends received. D. Depreciation recapture. E. All of these are included in non-separately computed income.