Which one of the following NOT a correct matching of a concept associated with liquidity planning with its description? A) Forced liquidation—estate shrinkage that occurs when the decedent’s personal representative must sell estate assets, usually at less than market value, to make up for a cash deficiency B) Estate debts—the money that the decedent’s personal representative must spend to pay the decedent’s lifetime obligations that had not been paid at the time of the decedent’s death C) Estate liquidity—the decrease in the value of a decedent’s estate from the time of the decedent’s death until the time of the ultimate distribution to the decedent’s devisees, legatees, and heirs D) Estate administrative expenses—the money that the decedent’s personal representative must spend to collect the decedent’s assets; pay claims of the estate; and distribute the remaining assets to the decedent’s devisees, legatees, or heirs
Which one of the following NOT a correct matching of a concept associated with liquidity planning with its description? A) Forced liquidation—estate shrinkage that occurs when the decedent’s personal representative must sell estate assets, usually at less than market value, to make up for a cash deficiency B) Estate debts—the money that the decedent’s personal representative must spend to pay the decedent’s lifetime obligations that had not been paid at the time of the decedent’s death C) Estate liquidity—the decrease in the value of a decedent’s estate from the time of the decedent’s death until the time of the ultimate distribution to the decedent’s devisees, legatees, and heirs D) Estate administrative expenses—the money that the decedent’s personal representative must spend to collect the decedent’s assets; pay claims of the estate; and distribute the remaining assets to the decedent’s devisees, legatees, or heirs
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Which one of the following NOT a correct matching of a concept associated with liquidity planning with its description?
A)
Forced liquidation—estate shrinkage that occurs when the decedent’s personal representative must sell estate assets, usually at less than market value, to make up for a cash deficiency
B)
Estate debts—the money that the decedent’s personal representative must spend to pay the decedent’s lifetime obligations that had not been paid at the time of the decedent’s death
C)
Estate liquidity—the decrease in the value of a decedent’s estate from the time of the decedent’s death until the time of the ultimate distribution to the decedent’s devisees, legatees, and heirs
D)
Estate administrative expenses—the money that the decedent’s personal representative must spend to collect the decedent’s assets; pay claims of the estate; and distribute the remaining assets to the decedent’s devisees, legatees, or heirs
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