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Match Each Statement with the Correct Choice

question 25

Short Answer

Match each statement with the correct choice. Some choices may be used more than once or not used at all.
a. Increases the probate estate
b. Decreases the probate estate
c. Has no effect on the probate estate
-Made life insurance payable to estate.


Definitions:

Significant Component

An essential part or element of a larger system or structure in various contexts, crucial for its operation or understanding.

Vertical Analysis

A technique for analyzing financial statements where every item within the three key categories (assets, liabilities, and equity) on a balance sheet is expressed as a percentage of the total category value.

Administrative Expense

Expenses related to the general operation of a business, including salaries of non-sales personnel, rent, and utilities.

Net Sales

Net sales of a company, calculated by deducting returns, discounts, and allowances for damaged or missing products from its gross sales.

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