Which of the Following Would Not Be Community Property

question 36

Multiple Choice

Which of the following would not be community property?

• A) Property acquired by husband and wife during marriage
• B) Property acquired by husband during marriage
• C) Property received by wife through inheritance
• D) None of the above

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Definitions:

General Fund

The principal fund of a governmental entity, covering most basic operational activities and services.

Deferral Method

An accounting practice where revenue or expenses are recognized at a date later than when they were initially incurred, often applied to revenue received in advance or prepayments of expenses.

Pledge

A commitment or security for the payment of a debt, performance of an action, or purchase of a good.

Estate

The total value of all the assets owned by an individual at the time of their death, including property, cash, and investments, minus any liabilities.