The Provisions of a Will Currently Undergoing Probate Are: "One

question 67

Multiple Choice

The provisions of a will currently undergoing probate are: "One thousand shares of Wal-Mart stock to my son; $10,000 in cash from my savings account to my brother; $5,000 in cash to my daughter; and any remaining property divided equally between my son and daughter." At the time of death, the estate included 1,400 shares of Wal-Mart stock and $25,000 cash in the savings account.
What would the son have received from the settlement of the estate?

• A) 1,000 shares of Wal-Mart stock and $15,000 cash
• B) 1,000 shares of Wal-Mart stock and $0 cash
• C) 1,000 shares of Wal-Mart stock and $10,000 cash
• D) 1,200 shares of Wal-Mart stock and $5,000 cash
• E) 1,400 shares of Wal-Mart stock and $5,000 cash

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Definitions:

Domestic Fares

The price charged for flights within a country's borders.

Variable Costs

Costs that change in proportion to the level of goods or services that a business produces.

High-Low Method

The high-low method is a way of estimating the variable and fixed costs of a business by analyzing the highest and lowest levels of activity and their corresponding costs.

Machine Maintenance

The routine or preventive care given to machinery and equipment to keep them running efficiently and to avoid any unplanned downtime or failures.