A Statement Signed by the Required Number of Witnesses Who

question 68

Multiple Choice

A statement signed by the required number of witnesses who observe the execution of a valid will is called a(n) :

• A) validity clause.
• B) ambulatory clause.
• C) attestation clause.
• D) fiduciary clause.

---

Definitions:

Disclosures

These are notes in financial statements that provide additional insight into the presented figures, accounting policies, and other relevant information.

Held to Maturity

A classification of debt securities that a company intends and is able to hold until they mature.

Market Price

The current price at which an asset or service can be bought or sold.

Journal Entries

Records of financial transactions in the accounting system, showing the accounts affected and the amounts for each transaction.