The provisions of a will currently undergoing probate are: "One thousand shares of Wal-mart stock to my son; $10,000 in cash from my savings account to my brother; $5,000 in cash to my daughter, and any remaining property divided equally between my son and daughter." At the time of death, the estate included 1,400 shares of Wal-mart stock and $25,000 cash in the savings account. What would the son have received from the settlement of the estate? O 1,000 shares of Wal-mart stock and $15,000 cash O 1,000 shares of Wal-mart stock and $0 cash 1,000 shares of Wal-mart stock and $10,000 cash O 1,200 shares of Wal-mart stock and $5,000 cash O 1,400 shares of Wal-mart stock and $5,000 cash
The provisions of a will currently undergoing probate are: "One thousand shares of Wal-mart stock to my son; $10,000 in cash from my savings account to my brother; $5,000 in cash to my daughter, and any remaining property divided equally between my son and daughter." At the time of death, the estate included 1,400 shares of Wal-mart stock and $25,000 cash in the savings account. What would the son have received from the settlement of the estate? O 1,000 shares of Wal-mart stock and $15,000 cash O 1,000 shares of Wal-mart stock and $0 cash 1,000 shares of Wal-mart stock and $10,000 cash O 1,200 shares of Wal-mart stock and $5,000 cash O 1,400 shares of Wal-mart stock and $5,000 cash
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The provisions of a will currently undergoing probate are: "One thousand shares of Wal-mart stock to my son; $10,000 in cash from my savings account to my brother; $5,000 in cash to my daughter; and any remaining property
divided equally between my son and daughter." At the time of death, the estate included 1,400 shares of Wal-mart stock and $25,000 cash in the savings account.
What would the son have received from the settlement of the estate?
O 1,000 shares of Wal-mart stock and $15,000 cash
O 1,000 shares of Wal-mart stock and $0 cash
1,000 shares of Wal-mart stock and $10,000 cash
O 1,200 shares of Wal-mart stock and $5,000 cash
O 1,400 shares of Wal-mart stock and $5,000 cash
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