In Order to Be Valid,a Will Must Generally Include All

question 12

Multiple Choice

In order to be valid,a will must generally include all but which one of the following?

• A) Signature of the testator
• B) A written document
• C) Signatures of witnesses
• D) Signature of the executor

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Definitions:

Impairment Loss

The amount by which the carrying value of an asset exceeds its recoverable amount.

Assets

Resources owned or controlled by a business from which future economic benefits are expected.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenue.

Depreciation

A method of allocating the cost of a tangible asset over its useful life, reflecting its consumption, wear and tear, or obsolescence.