A Document That Legally Modifies a Will Without Revoking It

question 59

Multiple Choice

A document that legally modifies a will without revoking it is called a(n) :

• A) codicil.
• B) letter of last instructions.
• C) living will.
• D) ethical will.
• E) memorandum.

---

Definitions:

External Users

Individuals or entities outside a company who use its financial information, such as investors, creditors, and regulatory bodies.

Internal Users

Individuals inside a company who use financial information to make decisions, such as managers.

Managerial Accounting

The process of identifying, measuring, analyzing, and interpreting accounting information to help managers make informed business decisions.

Organization

An entity comprising multiple people, such as a corporation or partnership, formed for a collective goal.