Mr Subhani's Will Specified That, Upon Liquidation of Any Asset

question 163

Essay

Mr. Subhani's will specified that, upon liquidation of any asset, the proceeds be divided among his wife, his son, and his sister in the ratio of 7: 5: 3.
a) If the son received $9500 from the sale of securities, what amounts did Bartlett's wife and sister receive?
b) What amount would the sister receive from the sale of the deceased's boat for $27,000?

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Definitions:

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Clearly specified or identified.

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The process of effectively recording or securing relevant information or subjects within a particular context or study.

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The act of preserving or keeping something in its current state or condition.