Cora Norberg was murdered by her son. He was convicted of her murder and sentenced to life in prison. She was survived by that son and two daughters. Her will provided that her estate was to be distributed per capita to her children. How will the estate be distributed?
A)?One-third to her son and one-third to each of her daughters
B)?One-half to each of her daughters
C)?Because she was murdered by one of her children, the estate is distributed under the intestate rules
D)?Her son is disinherited and receives only a small stipend.
B
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The book value of a partner's interest is shown by the credit balance of the partner's capital account, after all profits or losses have been allocated in accordance with the partnership agreement, and the books have been closed
a. True b. False Indicate whether the statement is true or false
Assume that the balance of accounts payable does not change during a period. When preparing a statement of cash flows, an increase in ending inventory over beginning inventory will result in an adjustment to net income under the indirect approach because
a. the amount of cost of goods sold is equal to the amount of cash paid for purchases. b. consumed inventory is an expense but not a use of funds. c. the amount of cost of goods sold on an accrual basis is less than the amount of cash paid for purchases of inventory. d. the amount of cash paid for purchases of inventory is less than the amount of cost of goods sold on an accrual basis.
Equivalent units of production for direct materials and direct labor are always the same.
Answer the following statement true (T) or false (F)
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company's price-earnings ratio for Year 2?c. What is thecompany's dividend payout ratio for Year 2?d. What is the company's dividend yield ratio for Year 2?e. What is the company's book value per share at the end of Year 2? What will be an ideal response?