A Written and Legally Enforceable Document Expressing How a Person's

question 22

Multiple Choice

A written and legally enforceable document expressing how a person's property should be distributed upon his or her death is known as a(n) :

• A)will.
• B)ethical paper.
• C)memorandum.
• D)letter of last instructions.
• E)power of attorney.

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Definitions:

Interest Receivable

An asset account on the balance sheet representing interest income that has been earned but not yet collected in cash.

Strategic Goals

Long-term, broadly defined targets an organization sets to achieve its vision and mission.

Available-for-Sale Securities

Debt or equity securities not classified as held-to-maturity or trading securities, recorded at fair value.

Interest Receivable

A term in accounting referring to interest revenue that is accumulated but has not yet been paid in cash.