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Oksi-84 [34.3K]
3 years ago
6

A nephew has been given a durable power of attorney over his uncle's brokerage account. Upon the death of the uncle, the power o

f attorney:________.
Business
1 answer:
TEA [102]3 years ago
6 0

Answer:

B. is terminated

Explanation:

These are options for the question

A. remains in force

B. is terminated

C. transfers to the executor of the uncle's estate

D. transfers to the registered representative servicing the uncle's account

From the question, we were informed about that a nephew has been given a durable power of attorney over his uncle's brokerage account.

Then in the case of the death of the uncle, the power of attorney is terminated.

Power of attorney which is a written documents that gives legal appointment of person or organization to perform an action on behalf of another person. It could be on properties or materials. But since the uncle of that nephew is dead then it brings end to the power of the Anthony on the nephew.

It should be noted that only "Principal" can override the power of attorney.

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Based on Jacobs (1954). The Carter Caterer Company must have the following number of clean napkins available at the beginning of
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8 0
2 years ago
Gilbert City had the following transactions involving resource inflows into its general fund for the year ended June 30, 20X8:
Advocard [28]

Answer:

$2,289,500

Explanation:

Preparation of the schedule to show the amount of revenue that should be reported by Gilbert’s general fund on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20X8

Gilbert City

REVENUE REPORTED by the General Fund

For the Year Ended June 30, 20X8

Property tax revenue $1,862,000

[$2,000,000-$100,000-($2,000,000-$100,000)*2%)]

Interest revenue on advance $1,500

Grant revenue used to acquire computer equipment $235,000

Sales tax revenue $125,000

Liquor license revenue $66,000

Total revenue reported $2,289,500

Therefore the amount of revenue that should be reported by Gilbert’s general fund on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20X8 is $2,289,500

3 0
2 years ago
Carson Company purchased a depreciable asset for $280,000. The estimated salvage value is $14,000, and the estimated useful life
sergij07 [2.7K]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Carson Company purchased a depreciable asset for $280,000. The estimated salvage value is $14,000, and the estimated useful life is 10,000 hours. Carson used the asset for 1,500 hours in the current year. The activity method will be used for depreciation.

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(280,000 - 14,000)/10,000]*1,500= $39,900

3 0
2 years ago
A company pays its employees $3,850 each Friday, which amounts to $770 per day for the five-day workweek that begins on Monday.
liq [111]

Answer:

$3080

Explanation:

Calculation to determine what the amount of salaries earned but unpaid at the end of the accounting period is:

Salaries earned but unpaid at the end of the accounting period =3850-$770

Salaries earned but unpaid at the end of the accounting period =$3080

3 0
2 years ago
Neot was just​ promoted, and what​ she's most excited about is that she now gets a corner office and a designated spot in the em
Delicious77 [7]

Answer:

Esteem needs.

Explanation:

An individual's esteem need according to Maslow is the need for respect, self esteem, status, and self confidence. Everyone wants to be valued and accepted by people, and this is esteem need. Esteem is an internal need but it is influenced by external environment when people validate and approve of a person.

North has just been promoted and along with this status change comes a corner office and a designated parking spot. This shows she is accepted and valued by the organisation.

3 0
3 years ago
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