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iVinArrow [24]
3 years ago
15

Difference between a will and a living trust

Business
1 answer:
aev [14]3 years ago
7 0

Answer:

A will gets into effect after a person dies. trust gets into effect as soon as it is created. The will covers all the property under the individual's name. Trust covers property which has been transferred in the name of the trust.

Explanation:

A will directs who will receive his property after an individual's death. It also appoints a representative to carry out the wishes of the deceased. A trust on the other hand can divide the property before, after or at death.

A will is a document through which a person expresses his wishes about how his property is to be distributed, it can also contain details regarding funeral.

A trust is an arrangement through which property of an individual is held by other individuals or institution.

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Why does a country want steady economic growth?
boyakko [2]

Answer:

MORE| JOBS RISES THE MORE INCOMES.

PLZ MARK BRAINLIEST HAVE A GOOD NIGHT.

Explanation:

7 0
3 years ago
An online medicaladvice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 mill
s2008m [1.1K]

Answer:

The total proceeds from the common-stock sale amounts to $139,500,000

Explanation:

The aggregate proceeds from the sale of common stock is computed as:

Total proceeds from sale of common stock = Number of shares issued × Offer Price per share

where

Number of shares issued is 5 million that is 5,000,000

Offer Price per share is $27.90

By putting the values in the above formula:

= 5,000,000 × $27.90

= $139,500,000

3 0
3 years ago
Calculate the planned shortage in dollars if the planned shortage % is 1.64% and the planned net sales are $1,189,000.
EleoNora [17]

Answer:

the planned shortage in dollars is $19,499.60

Explanation:

The computation of the planned shortage in dollars is shown below:

= Percentage of planned shortage × planned net sales

= 1.64% × $1,189,000

= $19,499.60

hence, the planned shortage in dollars is $19,499.60

We simply applied the above formula so that the correct value could come

And, the same is to be considered

6 0
2 years ago
The cost object(s) of the activity-based costing method is(are): Multiple Choice The time period. The production departments of
MArishka [77]

Answer:

The production activities of the company.

Explanation:

The activity-based costing will look for different activities in the production process rather than dividing into department or jobs to determinate the overehad cost per unit

Once these activities are identified it will calcualte the cost pool of the activity and look for the appropiae cost driver to distribute among the products.

6 0
3 years ago
Twenty years ago, your parents invested in Apple. As the years have gone by, the investment has grown. However, if Apple should
ELEN [110]

Answer:

your parents will only lose the value of their share

Explanation:

Based on the information provided within the question it can be said that if the Apple business were to declare bankruptcy then your parents will only lose the value of their share. That is because the shares are linked to the Apple company, meaning that if they declare bankruptcy the value of those shares will ultimately decrease to 0 and be worthless.

5 0
3 years ago
Read 2 more answers
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