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Minchanka [31]
3 years ago
11

Where a testator makes a specific bequest to his two children living at the time he executed the will, a child born after the wi

ll was executed who is not otherwise provided for by the testator is entitled to: an amount equal to one-third of the bequests to the other children to be paid out of those bequests. an amount equal to one-third of the bequest to the other children to be paid out of the residuary. an intestate share of the testator's estate to be paid from the residuary. no share of the testator's estate?
Business
1 answer:
satela [25.4K]3 years ago
7 0

You should always _____ a horse with a flat palm so they don’t bite you.

<span>have fedwill feedfeedfeeding


</span>
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Determining Cash Flows from Financing Activities Nichols Inc. reported the following amounts on its balance sheet at the end of
avanturin [10]

Answer:

Explanation:

First of all we will perpare the T-Accounts for the identification of shares issued and dividend paid during the year as follows :

Share Capital And premium Account  

Opening Balance  -105000

Closing Balance  164000

Shares Issued  59000

Retained Earnings      

Opening Balnce                   376750

Net Income During the Year       96100

Closing Balance                     -455490

Dividend Paid Balancing figure       17360

Now We will Draft the inancing section of the statement of cash flows.

<u>Cash flow from investing Activities</u>  

Issuance of shares                                    59000

Dividend Paid                                            -17360

Net cash from finance activity                  41640

5 0
3 years ago
A trait is not a quality of your own character <br> True or False
Gekata [30.6K]
It would be False...
4 0
3 years ago
Read 2 more answers
Which of the following actions has NO impact on your credit score?
cluponka [151]
Your credit score is affected when you use money or open credit cards so the answer would be A
8 0
3 years ago
Cullumber Company makes three models of tasers. Information on the three products is given below. Tingler Shocker Stunner Sales
swat32

Answer:

a) Net Income = 68200

b) Tingler net income= 8645

   Shocker net income=29655

   Total net income=38300

c) No, because net income would decrease from 68200 to 38300.

Explanation:

Find the attachment for explanation/solution.

3 0
3 years ago
Rauch Inc. leases a piece of equipment to Donahue Corp. on Jan 1 2017. The lease agreement called for annual rental payments of
Eduardwww [97]

Answer:

Explanation:

1. Suppose the instead of $8,250, Rauch expects the residual value at the end of the lease to be $5,000, but Donahue agrees to guarantee a residual value of $8,250. All other facts being eqaul, how would Rauch change the amount of the annual rental payments, if at all?

<em>A lower residual value means the car is expected to hold its value less (depreciate more) over the lease term. </em>

<em>Therefore, since most of the lease payment covers the cost of depreciation., more depreciation (or lower residual value) will most likely result into higher monthly payments over the lease term.</em>

<em />

2. Explain how a fully guaranteed residual value by Donahue would change the accounting for Rauch, the lessor.

<em>The financial accounting term </em><em><u>guaranteed residual value</u></em><em> has to do with an additional payment made by a lessee in property, cash, or both at the termination of the lease. </em>

<em>Therefore since Guaranteed residual values are financial commitments made by the lessee, they are factored into the calculation of the minimum lease payment.</em>

<em />

3. Explain how a bargain renewal option for one extra year at the end of the lease term would change the accounting of the lease for Rauch, the lessor.

<em>A bargain renewal option is a clause in a lease contract that gives the lessee the option of extension of the term of the lease at a substantially lower trate than the going market rate. </em>

<em>The presence of this clause in a lease contract will most likely imply that the lease will change to a finance lease rather than an operating lease</em>

4 0
3 years ago
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