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The intestate leaves one surviving spouse and children
The surviving spouse is entitled to:a. The personal and household effects of the deceased absolutely;
b. A life interest in the whole residue of the net intestate; if the surviving spouse is widow, this interest ceases upon her re—marriage to any other person. On the death of the surviving spouse (or on her re—marriage if she is a widow), the residue of the net intestate estate is equally divided among the children alive at the moment of death (or re—marriage) of the surviving spouse.
SETTLEMENT OF LIABILITIES Wide powers of compromise are granted to trustees by the Trustee Act. Two or more trustees or a sole trustee, where authorised, may: 1. Pay or allow
Q. Estimate the systematic risk of the new investment? The beta of the comparator company will be utilized to estimate the systematic risk of the new investment. No un-gearing
Q. What is Inheritance in Gross income? Inheritance - As distinguished from a BEQUEST or devise, an inheritance is property attained through laws of descent and distribution fr
The key criterion for qualifying as a hedge is that the hedging relationship must be highly effective in achieving offsetting changes in fair values or cash flows based on the hedg
content of financial statement with refrence to indian company
tyoes of assets
Puts - A put is an option to sell a number of shares of stock at a stated price within a definite period. Gain or loss on a put is short or long term depending on holding period of
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In the current year, Company A is formed with $630,000 in capital from the sale of 21,000 shares of stock at $30 a share. Company A, which has no other operations, immediately acqu
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