
Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
Edition 12ISBN: 978-0077862220
Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
Edition 12ISBN: 978-0077862220 Exercise 27
A will has the following statement: "I leave $20,000 cash from my savings account in the Central Fidelity Bank to my sister, Angela." This gift is an example of
a. A residual legacy.
b. A general legacy.
c. A demonstrative legacy.
d. A specific legacy.
a. A residual legacy.
b. A general legacy.
c. A demonstrative legacy.
d. A specific legacy.
Explanation
A demonstrative legacy is a cash gift ma...
Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
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