The Term That Means "Having Made No Legal Will" Is

question 87

Multiple Choice

The term that means "having made no legal will" is

• A)intestate.
• B)testator.
• C)probate.
• D)surrogacy.

---

Definitions:

Working Capital

Working capital, rephrased from net working capital, indicates the liquidity available to a business for day-to-day operations, calculated as current assets minus current liabilities.

Net Working Capital

A measure of a company's short-term financial health, calculated as current assets minus current liabilities.

Inventory

The raw materials, work-in-process products, and finished goods that are considered a part of a business's assets that are ready or will be ready for sale.

After-Tax Salvage Value

The net value of an asset after it has been disposed of and all related taxes have been paid.