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If the residuary estate is not sufficient to pay the specific bequests can the will specify which bequests can be reduced to balance the residuary?
Wiki User
∙ 11y ago
Certainly, the will may specify how to reduce bequests. In most cases it is worded so anything left is split equally.
Wiki User
∙ 11y ago
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What rights do the residuary beneficiaries of an estate have?
Residuary beneficiaries have the right to receive any leftover assets in the estate after specific gifts and debts have been distributed. They also have the right to information about the estate administration and accounting. Additionally, they have the right to challenge the actions of the executor if they believe their interests are not being properly represented.
What is used to weigh sodium chloride?
A balance is sufficient.
Does a credit card balance in the fund balance account at the end of the year mean the fund has sufficient cash to pay its liabilities in a timely manner?
No. A credit balance in the fund balance accounts does not mean there is sufficient cash to pay liabilities in a timely manner. The assets are likely to include taxes receivable, and it is possible that the reported liabilities will exceed the cash balance
What is the balance?
Opening balance is the starting balance of any account on any specific date of business.
What is the opening balance?
Opening balance is the starting balance of any account on any specific date of business.
How do you add money to a debit card?
Debit cards are linked to a specific bank account. They don't actually hold a balance on the card itself. You can only use a debit card to purchase items if there is sufficient funds in the linked account.
Who can issue Cheques?
Anyone who holds a valid bank account can issue a cheque to make payment to anyone or any organization. The most important thing to note here is that - WE NEED TO MAINTAIN SUFFICIENT BALANCE IN OUR ACCOUNT TO PAY THE CHEQUE. ISSUING CHEQUES WHILE THERE IS NO SUFFICIENT BALANCE IN OUR ACCOUNT IS AN OFFENCE AND WE CAN BE JAILED FOR IT.
What is that one day of the year where the gravity is off and a pop can will balance on it's edge?
An urban legend. It's more commonly said of eggs, but with sufficient care, it's possible to balance an egg on any day of the year. Similarly, if you can get a pop can to balance on one day, you can get it to balance on any day if you try.
Why don't some forces balance each other?
That's because forces will ONLY balance under very specific circumstances.
Accumulated depreciation debit or credit?
Accumulated depreciation is a contra account for specific fixed asset so fixed assets has debit balance as normal balance so accumulated depreciation has credit balance as default balance.
What is the financial statement that reports accounting data at a specific date?
balance sheet
Which financial statement that reports accounting data at a specific date is the?
Balance Sheet
