Santos created an irrevocable living trust for her stepdaughter. In her later years, she became angry with her stepdaughter and sought to rescind the trust. Will she be able to do so? Explain.
What will be an ideal response?
No. The settler loses complete control over an irrevocable trust during his or her lifetime and cannot change it. The trust may never be rescinded.
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Comment on the following statement: "Legacy systems use flat file structures."
Which of the following most accurately describes the position taken by current generally accepted accounting principles?
a. Both pooling of interests and the purchase method are still permitted under certain circumstances. b. The valuation basis to be applied is the acquisition method under which the fair value of consideration transferred includes any contingent consideration, but excludes direct combination costs.. c. The valuation basis to be applied is the cost method under which the valuation basis is the fair value of the assets and liabilities acquired including direct combination costs, but excluding contingent consideration. d. The purchase method requires a business acquisition transaction to be structured to meet twelve very specific criteria required by generally accepted accounting principles.
Which of the following helps organize work orders by tracking the parts for products and the status of jobs during their scheduling, production, and quality control phases?
A. route sheet B. Pareto chart C. assembly chart D. assembly drawing
To form plurals when a consonant precedes y, change the y to i and add es
Indicate whether the statement is true or false.