Distribution Per Capita Means Distributing an Estate ________

question 64

Multiple Choice

Distribution per capita means distributing an estate ________.

• A) by class or representation
• B) by individual
• C) by will and not trust
• D) by trust not will
• E) by state statutory language

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Definitions:

Percent of Sales Method

A financial planning tool used to forecast future revenues, expenses, or balance sheet figures as a percentage of sales.

Uncollectible Accounts Receivable

Accounts receivable that are considered to be uncollectible due to the inability of the customers to pay.

Journal Entries

Recorded transactions in the accounting system, documenting financial changes in accounts.

Percent of Sales

Percent of sales is a financial analysis tool that helps in estimating how certain accounts, like revenue and expenses, will vary in proportion to changes in sales.