Legal duties of an executor include all of the following except
a. extending sympathy and comforting the bereaved initially and throughout the traumatic experience of probate.
b. notifying heirs and designated beneficiaries of the death and of the contents of the will.
c. paying debts of the decedent and of the estate, and receiving and safekeeping any income of the estate.
d. preparing a final accounting report of the administration of the estate for court review and approval before discharge.
a
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What would you do if the time allocated for your presentation was suddenly shortened?
What will be an ideal response?
When the market rate of interest was 12%, Halprin Corporation issued $1,000,000, 11%, 10-year bonds that pay interest annually. The selling price of this bond issue was
A) $ 321,970 B) $1,000,000 C) $ 943,494 D) $621,524
Under the unit benefit method for determining retirement benefits, benefits
A) are equal to a specific percentage of your salary, regardless of the number of years of credited service. B) are equal to a specific dollar amount, regardless of the number of years of credited service. C) are equal to a specific unit benefit for each dollar paid into the plan by the employee multiplied by the years of credited service. D) are equal to a specified unit benefit multiplied by the years of credited service.
After Barbara Corcoran started her real estate company, she sat down and made some goals. These goals called for
a. doubling the number of agents and the commissions every year, from 14 sales agents in 1978 to 1,792 salespeople in 1985 b. modest growth that she could be reasonably certain of achieving c. increasing the number of agents and commissions by 10% every year, an ambitious goal that would eventually lead to a doubling of her firm size d. improvements in her most important asset—herself! She focused on improving her self-image, her self-confidence, and her moods