________ is a principle that says if a testator leaves a specific devise of property to a beneficiary, but the property is no longer in the estate when the testator dies, the beneficiary receives nothing
A) Ademption
B) Abatement
C) Bailment
D) Attestation
A
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Under the perpetual inventory method, when inventory is purchased, Merchandise Inventory
a. is debited and Cash or Accounts Payable is credited. b. is credited and Cash or Accounts Payable is debited. c. and Accounts Payable are credited and Cash is debited. d. and Accounts Payable are debited and Cash is credited.
Which of the following is true with regard to gathering secondary data?
A) Gathering secondary data involves costly fees to government agencies. B) Commercial online databases contain primary rather than secondary data. C) Internet search engines can be useful sources of relevant secondary data. D) It is illegal for firms to purchase secondary data from outside suppliers. E) Secondary data eliminates the need for primary data in most cases.
The ________ index is a useful tool for making preference decisions
a. preferential b. taxing c. discounting d. profitability
Carl was dealing with a difficult employee problem. Doubting that he can remain objective in the situation, Carl asks Andrei to help him resolve the situation. It appears Carl is using the _________ ethical approach.
A. Golden Rule B. four-way test C. stakeholders’ approach D. discernment and advice