What is the importance of residuary clause in a will?
If the testator forgets to gift any property the residuary clause provides a beneficiary who will receive the property. The truth is no one can recall all property one owns and even if one could as the document is created often much earlier than the death the testator will acquire new property. The residuary clause makes sure the appropriate person gets either this miscellaneous property or in most cases this property along with the bulk of the estate.
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A comprehensive nonfinancial size-up is:
A) a critical component in analyzing the firm's strengths and weaknesses. B) critical in understanding the firm's historical position. C) critical in anticipating future financing needs. D) All of the above.
How does goodwill arise? How is it accounted for and reported on the financial statements?
What will be an ideal response?
What are the two major stages of the systems development life cycle and what happens during each stage?
What will be an ideal response?
A senior salesperson regularly contacts the larger, more important customers. This function is referred to as a(n) _____ sales position.
A) technical B) imagery C) key account D) composite E) alternate