Benjamin Barry Has Been Named by Andie Anderson to Follow

question 105

Multiple Choice

Benjamin Barry has been named by Andie Anderson to follow her instructions and distribute her assets as she has designated in her will,pay any bills,and collect any money owed to her.To which position has Benjamin been named?

• A)Executor
• B)Trustee
• C)Guardian
• D)Beneficiary
• E)Agent

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Definitions:

Sales Revenue

The revenue a company earns from selling products or delivering services.

Interest Expense

The sum an entity is liable for as a result of borrowing funds over a particular period.

Unearned Revenues

This reflects money received by a company for goods or services yet to be provided.

Retained Earnings

The portion of net income that is kept within the company rather than distributed to its shareholders as dividends.