The Process of a Deceased's Property Being Collected, Debts and Taxes

question 89

Multiple Choice

The process of a deceased's property being collected, debts and taxes being paid, and the remainder of the estate being distributed is known as ________.

• A) probate
• B) abatement
• C) ademption
• D) adjournment

---

Definitions:

Capital Expenditure

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment.

Annual Cash Flows

The total amount of money being transferred into and out of a business, especially analyzed on a yearly basis.

Net Present Value Method

A method of analysis of proposed capital investments that focuses on the present value of the cash flows expected from the investments.

Cash Inflows

Cash inflows refer to the movement of money into a company's accounts from various sources, including sales, financing, or investment.