Match Each Statement with the Correct Choice

question 155

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
-Two years prior to her death, the insured transferred by gift all of the incidents of ownership in an insurance policy on her life. The gift was to her son, the beneficiary of the policy.

Identify and categorize computer peripherals as input or output devices.

Know the proper techniques and tools for connecting a DMM to electronic circuits and the importance of safety measures.

Recognize the types of connectors used in post-2014 trucks in North America and their applications.

Understand the prerequisites for accessing an OEM data hub and the implications thereof.

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available to run its operations.

Fiscal Year

A twelve-month period used for accounting purposes and financial reporting by businesses, which may not align with the calendar year.

December 31

Commonly used in finance and accounting to signify the end of the fiscal or calendar year.

Unadjusted Trial Balance

A preliminary list of all accounts and their balances used in financial reporting before adjustments are made for accruals and deferrals.