When an individual dies without a will, the state automatically receives the entire estate
Indicate whether the statement is true or false
FALSE
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The U.S. Internal Revenue Service requires that firms recognize bad debt expense only when they conclude an account is not collectible
Indicate whether the statement is true or false
The sender of a message should analyze the audience before developing the message in order to do all but which one of the following?
a. Establish rapport and credibility b. Address the receiver's needs c. Simplify the task of organizing the message d. Assure that perception of reality is the same for everyone
Any property, money, or other benefit received by the agent in the course of an agency belongs to the principal
Indicate whether the statement is true or false
Which of the following is an expense for a life insurance company?
A) loss reserves B) death benefits paid to a beneficiary C) unrealized capital gains D) realized capital gains