Explain what a will is. What happens when a person dies without a valid will?
What will be an ideal response?
A will is a legal document in which a person directs how their property is to be disposed or distributed. If a person dies without a will (intestate), the state will determine how that person's property is to be distributed.
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A(n) ________ is oral testimony given by a party or witness prior to trial.
A. consolidation B. interlocutory C. interrogatory D. deposition
Companies, popular culture, customers, and influencers are forms of brand authors
Indicate whether the statement is true or false
How do media outlets benefit from using VNRs?
A) Ethical responsibilities are eliminated. B) Additional revenue is generated. C) Compliance with FCC regulations is assured. D) The need for editors is drastically reduced. E) Both time and money are saved.
Which of the following is an example of fraudulent financial reporting?
A. An employee steals inventory and the "shrinkage" is recorded in cost of goods sold. B. An employee diverts customer payments to his personal use, concealing his actions by debiting an expense account, thus overstating expenses. C. An employee "borrows" tools from the company and neglects to return them; the cost is reported as a miscellaneous operating expense. D. Company management falsifies inventory count tags thereby overstating ending inventory and understating cost of goods sold.