Hamid makes a will leaving a specific sum of money to each surviving rela¬tive. The assets of Hamid's estate are not enough to make all of the gifts in full. This situation requires
a. an abatement.
b. aconstructive trust.
c. a residuary.
d. a revocation.
A
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The one asset account that never requires adjustment at the end of the period is ____________________
Fill in the blank(s) with correct word
What are the five steps involved in implementing a cost control system?
Richly Merchandise, Inc, contracts with Stand-Rite Contractors to build a store. Stand-Rite assigns the contract to Town Builders, which has a poor record of completing projects. Richly could most successfully argue that the con¬tract cannot be assigned because
a. Richly did not consent to the assignment. b. Richly did not receive adequate consideration for the assignment. c. an assignment will significantly increase the risk of nonperformance. d. Town Builders was not an original party to the deal.
If all the points of a scatter diagram lie on the least squares regression line, then the coefficient of determination for these variables based on these data
A. is 0. B. is 1. C. is either 1 or -1, depending upon whether the relationship is positive or negative. D. could be any value between -1 and 1.