The Legal Procedure of Proving a Valid or Invalid Will

question 89

Multiple Choice

The legal procedure of proving a valid or invalid will is called a _________________

• A)lawsuit
• B)trust
• C)probate
• D)rider
• E)codicil

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Definitions:

Cost of Goods Sold

Costs directly incurred in the manufacture of goods a company sells.

Gross Profit

The difference between sales revenue and the cost of goods sold, before deducting overhead, payroll, taxes, and interest expenses.

Beginning Inventory

The worth of merchandise ready for purchase at the beginning of a financial period, prior to any acquisitions being made or deductions for sales.