COGNITIVE ASSESSMENT What Type of Software Can Your Parents Use

question 66

Multiple Choice

COGNITIVE ASSESSMENT What type of software can your parents use to create a will without visiting an attorney?

• A) attorney supernumerary software
• B) legal software
• C) court-documented software
• D) accounting/tax preparation software

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Definitions:

Cash Dividends

A form of profit distribution by a corporation to its shareholders, paid in cash from the company's current or retained earnings.

Trading Securities

Financial assets that are purchased by an entity not for long-term investment but rather with the intention to sell them in the near term to make a profit.

Fair Value

The estimated market value of an asset or liability based on current market prices or valuations.

Fiscal Year

A one-year period used for accounting purposes and preparing financial statements, not necessarily aligning with the calendar year.