All categories

3 years ago

Estate settlement is provided by banks through

Business

2 answers:

igor_vitrenko [27]3 years ago

4 0

Estate settlement is provided by banks through the trust department.

kogti [31]3 years ago

3 0

Answer:

D. the trust department.

Explanation:

Estate settlement is the process to pay liabilities and distribute the remainings between the beneficiaries when a person dies and this is provided by banks through the trust department. This is an area in the banks that manage trusts for clients and can handle the assets as an executor when a person dies.

You might be interested in

In 1924, the famous novelist F. Scott Fitzgerald wrote an article for the Saturday Evening Post entitled ?How to live on $36,000

Maksim231197 [3]

Answer:

$4,267,059

Explanation:

to determine the equivalent amount of money between 1924 and 2008, we must divide the 2008 CPI by the 1924 CPI, and then multiply by $36,000:

= (2015 / 17) x $36,000 = 118.53 x $36,000 = $4,267,059

The consumer price index measures the weighted price of basket of goods . It is useful for calculating inflation and comparing how the purchasing value of the US dollar has decreased in time. Basically what this shows us, is that $1 in 1924 would purchase the same amount of goods as $118.53 in 2008.

8 0

3 years ago

The actual and standardized budgets will be equal when:  A. The rate of inflation is zero B. The economy is at full employment C

alexira [117]

Answer:

The correct answer to the following question is B) the economy is at full employment.

Explanation:

Standardized budget which is also know as full employment budget , is used to measure the federal budget deficit or surplus , with the given tax rates and government spending. Here the assumption made is that the economy has full employment, and this is one of the major difference between standardized and actual budget . Also standardized budget would reflect any type of adjustment that has to be made in the actual budget. So therefore the only way that actual budget and standardized budget are equal is when they both have full employment present in the economy.

8 0

3 years ago

In year 1000 a man named acholos nemroc celebrated him birthday, turning 100 years old, how old was he in -100?

Over [174]

Answer:

Okay

Explanation:

The answer is jjgxhkdyyffhohohugugojjhyfyffygihhhyghv28283939

3 0

3 years ago

after a bank reconciliation is completed, journal entries are prepared for items in the balance per company's records as well as

BaLLatris [955]

'After a bank reconciliation is completed, journal entries are prepared for items in the balance per the company's records as well as items in the balance per bank statement.

This statement is False.

In accounting, bank reconciliation is the process of reconciling the bank account balances on a company's books with the balances reported by financial institutions in their most recent bank statements. You should check the difference between the two numbers and correct if necessary.

Bank reconciliation is the process of reconciling cash book data with corresponding data on bank statements. This is an important process for the CFO's office and ensures the accuracy of the accounting records.

Bank reconciliation is an important internal control tool and is necessary to prevent and detect fraud. It also helps identify accounting and banking errors by explaining the difference between cash balances on accounting records and bank balances on bank statements.

Learn more about Bank reconciliation brainly.com/question/15525383

#SPJ4

7 0

1 year ago

On January 1, 2017, Alison, Inc., paid $79,100 for a 40 percent interest in Holister Corporation’s common stock. This investee h

puteri [66]

Answer:

1. Equity valuation in 2018/= $108,100

2. Net income based on fair value = $7,900

Answer:

A. Equity valuation

2017 net income:

Net income = 40% x $41,750 = $16,700

Less dividend = 40% x $14,000 = -$5,600

Net transferrable income = $11,100

2018 net income:

Net income = 40% x $64,000 = $25,600

Less dividend = 40% x $19,000 = -$7,600

Net transferrable income = $18,000

Investment Valuation:

Year 0 = $79,100

Year 1 = $79,000 + $11,100 = $90,100

Year 2 = $90,100 + $18,000 = $108,100

Fair Valuation method

Closing valuation = $99,000

Less Opening valuation = $91,900

Income recognized in 2018 = $7,100

Explanation:

The equity method of investment valuation requires that the Net Income accruing to the Investee be added to his investment cost and the dividend thereof (if any) be deducted from the same. This gives an equity valuation of the invested sum

fair value on the other hand is based upon the understanding of the market by the parties to a deal; and it's a value the market is thus willing to give in exchange for the shares in hand.

5 0

3 years ago