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.

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Definitions:

National GAAP

The set of accounting standards and principles recognized by a specific country to guide financial reporting and auditing.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the preparation of financial statements globally.

International Financial Reporting Standards

A set of accounting standards developed by the International Accounting Standards Board (IASB) that is global in scope.

International Accounting Principles

Frameworks and rules for financial reporting that are accepted or practiced globally, designed to ensure transparency and comparability across international boundaries.