What Is the Document Prepared by the Executor or Administrator

question 45

Multiple Choice

What is the document prepared by the executor or administrator to show accountability for estate property received and maintained or disbursed in accordance with the will?

• A)The Administrator/Executor's Fiduciary Report
• B)The charge-discharge statement
• C)The Administrator/Executor's Testamentary Report
• D)The Administrator/Executor's Principal/Income Report

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Definitions:

Demand Inelastic

A situation where the quantity demanded of a good or service changes minimally in response to price changes.