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Andrew [12]
3 years ago
6

Iona wrote her will. The following year, she wrote another will that expressly revoked the earlier will.Later, while cleaning ho

use, she came across the second will. She mistakenly thought that it was the first will and tore it up because the first will had been revoked. Iona died shortly thereafter.The beneficiaries named in the second will claimed that the second will should be probated.The beneficiaries named in the first will claimed that the second will had been revoked when it was torn up. Had the second will been revoked?
Business
1 answer:
snow_lady [41]3 years ago
4 0

Answer and Explanation:

In the given case, the second will would be destroyed non-intentionally by the testatrix that represent the person who writes the will. Also the second will would have be intended to revoke the first will

In addition to this, Testatrix intends the second will to be value also at the same time she dont want the first will to be probated

So the second will would be upheld because of testamentary motive.

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A new accountant at Larkspur, Inc. is trying to identify which of the amounts shown below should be reported as the current asse
muminat

Answer:

Cash and cash equivalents = $20,217

Explanation:

                          Larkspur Company

                    Cash and Cash Equivalent

Transaction No.      Particulars                           $          

1.                        Petty Cash Fund                          52

2.                       Treasury Bill                          10,200

3.                       Deposit-In-Transit                      255

                         Cash-in-Bank:

5.                       Checking account                   3,360

6.                       Savings account                      6,350

Total Cash & Cash Equivalent                        20,217

Transaction #4. Since it did not post during April, therefore, it could not be a cash item.

Transaction #7. It is an expense.

Transaction #8. IOU is a receivable.

5 0
3 years ago
Greger Peterson is a senior manager at a public accounting firm making a base salary of $180,000 a year ($15,000 per month). Emp
Rudik [331]

Answer:

$10,570.80

Explanation:

The computation of the withheld during the year is shown below:

= Social security tax + medicare tax

where,

Social security tax is

= $128,400 × 6.2%

= $7,960.80

And, the medicare tax is

= $180,000 × 1.45%

= $2,610

So, the total withheld during the year is

= $7,960.80 + $2,610

= $10,570.80

We simply added the social security and medicare taxes so that the withheld could come

5 0
4 years ago
List at least four ways someone can prepare to
Anastasy [175]

Explanation:

1. Identify a safe place or safe friend: Have a contact of a friend who can help you out to "get rid of that place". You can also have a code word to communicate that you are in danger.

2. Keep an alternate number for you: Buy a new number for you without knowing to the troublesome person to call and inform about the situation during danger.

3. Documents ready: Keep all the documents ready to safe guard yourself and your finance.

4. Memorize the contact numbers: Memorize the contact numbers family or friends who supports you.

4 0
3 years ago
EasyOpen Inc. gained a patent for an electronic corkscrew. Soon the company made a huge profit on this device. Recently, however
n200080 [17]

Answer:

<em>2. EasyOpen's patent expired after 20 years</em>

Explanation:

<em>Patent rights last for about a limited period of time, as well as the right to file a lawsuit on other sides for infringement of the patent is centered on that time. </em>

Inventors and other patent proprietors may therefore choose to measure and evaluate their patent's expiry date.

It will mostly rely heavily on the date of filing of your patent application, and also the sort of patent they obtained.

Patents are defined as utility patents, patents on designs or patents on plants.

Patent protection for utility patents, which are the most common type of patent, and which EasyOpen Inc is part of, lasts 20 years after the patent application's filing date.

5 0
4 years ago
The Golden Goose is considering a project with an initial cost of $46,700. The project will produce cash inflows of $10,000 for
MrRissso [65]

The payback period is 4.06 years.

<h3>What is the payback period?</h3>

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Amount recovered in the first year = 46,700 - 10,000 = 36,700

Number of years it would take to recover 36,700 = 1 + (36700 / 12,000) = 4.06 years

To learn more about the payback period, please check: brainly.com/question/25716359

#SPJ1

6 0
2 years ago
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