A ________ Will Is Suitable for Larger Estates Because It

question 98

Multiple Choice

A ________ will is suitable for larger estates because it distributes half of the estate to the spouse and the other half to any children or to a trust.

• A) simple
• B) complex
• C) traditional marital share
• D) modern marital share

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Definitions:

Other Accounts

A general referential term for various accounts in the financial statements not explicitly categorized under main headings.

Special Journals

Special journals are accounting journals designed to record a specific type of transaction in a more efficient manner, such as sales or purchases.

General Journal

A primary accounting record used to record all types of transactions not specifically assigned to another journal.