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The Only Liabilities Included in the Journal Entry to Record

Question 39

Essay

The only liabilities included in the journal entry to record the date-of-death inventory of estate property in the accounting records of the personal representative of a decedent are liabilities secured by estate property. Other liabilities of the decedent are recognized by the personal representative when they are paid.
Is the accounting for liabilities of a decedent's estate consistent and logical? Explain.

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Consistency is not an issue in accountin...

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