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GalinKa [24]
3 years ago
9

Floyd tells his daughter Glenda that she can have his Harley Davidson when he dies, but he does not add this to his will. a. Thi

s is a valid gift causa mortis. b. a valid gift inter vivos. c. a valid gift testamentary. d. not a valid gift.
Business
1 answer:
mylen [45]3 years ago
8 0

Answer:

The correct answer is letter "D": not a valid gift.

Explanation:

As long as a beneficiary is not legally included in a will and the testator passes away, that individual will not formally receive any property of the deceased. All the benefits will be given to the registered beneficiaries expressed in the document only. The verbal intentions of the testator are not considered for these purposes unless recorded and legally proven.

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The real estate financing instrument which transfers equitable title to real property, but retains legal title in the seller, is
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Answer:

Operating Leasing

Explanation:

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Local playground equipment company plans to operate out of its current factory, which is estimated to last 30 years. all cost de
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3 years ago
Presented below are certain account balances of Swifty Products Co. Rent revenue $6,980 Sales discounts $8,170 Interest expense
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Answer and Explanation:

The computation is shown below:

a

Sales revenue $405,100

Add: Rent revenue $6,980

Add: Dividend revenue $71,430

Less: Sales returns and allowances $(12730)

Less: Sales discounts $(8170)

a  

Sales revenue 405100

Add: Rent revenue 6980

Add: Dividend revenue 71430

Less: Sales returns and allowances (12730)

Less: Sales discounts (8170)

Total net revenue $462,610

b  

Total net revenue $462,610

Less: Expenses  

Interest expense $13,320

Selling expenses $99,730

Income tax expense $27,776

Cost of goods sold $166,455

Administrative expenses $88,620

Total Expenses $395,901

Net income $66,709

c  

Net income $66,709

Less: Allocation to noncontrolling interest $17,320

Income attributable to controlling stockholders $49,389

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2 years ago
Which of the following groups decides who sits on the board of directors of a corporation?
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D. the shareholders decide who sits on the board of directors
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