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At the time of the execution of her will,there was a question as to whether Juanita was suffering from Alzheimer's.Some of her friends said yes,some said no.Juanita's son Jose had observed his mother's failing health and mental illness over a the last few years.He once remarked to his wife that when he visited his mom,she asked him who he was when he was sitting next to her.A few minutes later,she was hugging him and conversing about all the memories they had when they lived in the 'old country.' Juanita created a holographic as her own will and no one contested it.When the matter went before the probate judge,he disallowed the will saying,"The testatrix did not have a sound mind and memory when she was writing her will." Therefore,he ruled her will was invalid.The judge is correct.
Operating Cash Flow (OCF)
A gauge of the funds generated from a corporation's standard operational processes.
Cash Flow
The total flows of capital into and out of a company, crucially determining its liquidity ratio.
Impairment Loss
A charge applied to a company's income statement when the fair value of an asset drops below its carrying value on the balance sheet.
Carrying Value
The recorded book value of an asset in a company's financial statements, calculated as the original cost minus accumulated depreciation or amortization.
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