The Provisions of a Will Currently Undergoing Probate Are: "Two

question 84

Multiple Choice

The provisions of a will currently undergoing probate are: "Two thousand shares of Ranger stock to my son; $50,000 in cash from my Peoples Savings Bank account to my brother; $75,000 in cash to my daughter; and any remaining property divided equally between my son and daughter."Assume that the estate included 1,500 shares of Ranger stock, $44,000 cash in the savings account, and $90,000 in cash from other sources. The decedent resided in a state that treats a demonstrative legacy shortfall as a general legacy. What would the daughter have received from the settlement of the estate?

• A) $60,000 cash.
• B) $69,000 cash.
• C) $70,500 cash.
• D) $75,000 cash.
• E) $79,500 cash.

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Definitions:

Operating Costs

Expenses associated with the operation and maintenance of a business or asset, excluding taxes and interest costs.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

Capital Budgeting Decisions

The process of making investment decisions in long-term assets and projects, based on their expected cash flows and potential for returns.

Cash Inflows

The total amount of money being received by a company from its various business activities, such as sales revenue, investments, and loans.