As Part of Creating an Estate Plan,an Attorney Will Likely

question 43

Multiple Choice

As part of creating an estate plan,an attorney will likely do all of the following,except:

• A)distribute property to beneficiaries.
• B)take an inventory of the client's assets.
• C)learn the client's objectives.
• D)draft the instruments necessary to carry out the plan.

Understand and apply principles of taxation allocation within financial periods.

Identify and explain differences and similarities between IFRS and U.S. GAAP in segment reporting.

Execute segment reporting tests, including the asset test, and determine reportable segments.

Compute cost of goods sold under the LIFO inventory costing method.

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Definitions:

STP (Shielded Twisted Pair)

Network cable with extra foil to prevent outside noise from interfering with data on the cable.

Loopback Plug

A device used to test the ports of a computer by plugging it into a port and sending signals through it, verifying the operation and responsiveness of the port by looping the signal back to the source.

NIC (Network Interface Card)

A port on a device that allows connectivity to a network. A NIC can connect to a wired or wireless network.

Cable Tester

A tester that checks coaxial and UTP cable ends (depending on the model) to determine if cable terminals are suitable for use.