Joel is displeased with his son's lifestyle choices and, instead of dividing his estate, Joel wants to leave all of his property to his daughter, Marie, when he dies. Joel may
a. not leave everything to his daughter and nothing to his son. If Joel tries to do this, his son can take a forced share of his father's estate.
b. disinherit his son, but he must indicate in the will his reason for doing so.
c. disinherit his son for any reason as long as Joel indicates in the will that the son was omitted on purpose.
d. disinherit his son only if Joel leaves the son a nominal amount, such as $1.
c
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Eli Heckscher and Bertil Ohlin are associated with the theory of comparative advantage that stresses differences in
a. income levels among countries. b. tastes and preferences among countries. c. resource endowments among countries. d. labor productivities among countries.
Days' sales uncollected cannot be calculated without first knowing the receivables turnover
Indicate whether the statement is true or false
The true statement about cost behavior is that:
A. fixed costs are constant on a per-unit basis and change in total as activity changes. B. variable costs are constant on a per-unit basis and change in total as activity changes. C. variable costs are constant on a per-unit basis and are constant in total as activity changes. D. variable costs change on a per-unit basis and change in total as activity changes. E. fixed costs are constant on a per-unit basis and constant in total as activity changes.
Narrative 11-1 Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) Gil wants to have $9,500 in 7 years. Use the present value formula to calculate how much he should invest now at 2% interest,
compounded semiannually in order to reach his goal. A) $8,125.25 B) $8,875.36 C) $8,264.62 D) $8,800.89