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Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
Edition 10ISBN: 978-1260575910Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
Edition 10ISBN: 978-1260575910 Exercise 62
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
Verified
Verified
A demonstrative legacy is a cash gift ma...
Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
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