If someone dies without a will, who handles the distribution of the person’s estate?

1 answer:

4 0

When this happens, the intestacy laws of the state where you reside will determine how your property is distributed upon your death. so D is the right answer

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Oscar refuses to pay petra $500 in cash on their contract to repair oscar's washing machine, which petra still possesses at her

musickatia [10]

For the answer to the question above, I think the answer is that
petra's lien on the machine will terminate if and only if Petra would voluntarily surrender possession.

I hope my answer helped you. Have a nice day!

6 0

3 years ago

Which of the following items is not a temporary difference? A. Vacation pay accrued for tax purposes in a prior period is deduct

Black_prince [1.1K]

Answer: the correct answer is B. Tax depreciation for the period exceeds book depreciation.

3 0

3 years ago

Campbell a single taxpayer, has $400,000 of profits from her general store that she operates as a sole proprietorship. She has $

ella [17]

Answer:

A) $80,000

Explanation:

According to the Internal Revenue Service (IRS), the deduction would be claim as a lower value of 20% qualified business income plus 20% of real investment or 20% of taxable income less net capital gains

So, 20% qualified business income = $400,000 × 20% = $80,000

And, the 20% of taxable income = $500,000 × 20% = $100,000

So, the lower value would be $80,000

8 0

2 years ago

On April 30, 2015, Zono Electronics, Inc. made a payment of $3,500 to Imperial Distributors, a supplier. Choose the statement th

pav-90 [236]

Answer:

A) Debit cash, credit accounts receivable

Explanation:

As the statement said, Zoono electronics made a payment which means they are debiting cash amount of $3,500 to imperial distributor who is a supplier. So the best statement that best describes the recording of this financial transaction by imperial distributor is their account receivable has been credited and cash is debited. All the other options are wrong except this.

3 0

3 years ago

Use the following information to determine the break-even point in units (rounded to the nearest whole unit):

denis23 [38]

Answer:

29,771 units

Explanation:

The break-even indicates the number of units that you have to sell to cover your costs. The break-even point is calculated by using the formula:

Break-even point in units= Fixed costs/(selling price per unit-variable cost per unit)

Break-even point in units= $195,000/($14.95-$8.40)

Break-even point in units= $195,000/$6.55

Break-even point in units= 29,771 units

The break-even point in units is 29,771.

4 0

3 years ago