Which of the Following Refers to an Account That Can

question 74

Multiple Choice

Which of the following refers to an account that can be established to ensure that stocks, bonds, mutual funds, and other investment assets transfer to a named beneficiary at death?

• A) Joint tenants with right of survivorship.
• B) Payable upon death.
• C) Transfer on death.
• D) All of these answer choices are correct.

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Definitions:

Retailer

A business that sells goods directly to consumers, typically operating out of physical stores or online platforms.

Note Receivable

An asset account on a company's balance sheet representing a promise by a debtor to pay a certain amount of money to the company in the future.

Written Promise

A formal pledge, often in the form of a document, affirming that one party agrees to perform or refrain from a specific action.

Short-term Receivables

Financial claims to cash due from customers or clients within one year, typically arising from the sale of goods or services on credit.